July WASDE Report Reflects Tight Supply and Demand

Pat Henneberry, senior vice president of commodities for Imperial Sugar Company.

Even with a lot of market changes worldwide, the outlook for raw sugar reflects “a relatively tight supply and demand,” says Pat Henneberry, senior vice president of commodities for Imperial Sugar Company.

Based on the USDA’s July report for World Agricultural Supply and Demand Estimates (WASDE), Henneberry says: “We’re viewing the market as relatively firm for the rest of this fiscal year, ending in September.

“And the beginning of the succeeding year should also be firm because quota supplies won’t become readily available until the new crops in Central America that start in November and December.”

WASDE is the monthly report by the Department of Agriculture about the supply and demand of major domestic and foreign crops and U.S. livestock.

To hear more from Henneberry about the July WASDE report, please view this video.