SUGAR: U.S. beet sugar production for 2021/22 is increased by 123,841 short tons, raw value (STRV) to 5,201,683. NASS
sugarbeet yield and area harvested forecasts in the September Crop Production report imply national sugarbeet
production of 34.612 million tons, an increase of 2.7 percent relative to last month. Assuming average recovery, shrink,
and recovery from desugared molasses, 2021/22 crop year production is forecast at 5,112,075 STRV, up from 4,988,235
last month. Adjustments made for expected August-September production in 2021 and 2022 plus sugar from imported
sugarbeets from Canada yields the fiscal year 2021/22 production projection. Cane sugar production in Florida is
decreased by 10,000 STRV to 2,005,000 on processor reporting. There are no changes to production in Louisiana as
neither NASS nor the processors made any adjustments related to Hurricane Ida’s impact as damage assessments are
still underway.