USDA forecast record U.S. sugar production

While U.S. sugar beet and sugarcane crops are not yet harvested — and Louisiana’s flooding illustrates that anything can happen in an otherwise excellent growing year — USDA’s Economic Research Service is projecting record sugar production.  ERS is forecasting domestic raw sugar production at 9.208 million tons for 2016/17, eclipsing the high mark of 9.05 million tons established in 1999/2000. The forecast includes 5.32 million tons of beet sugar and 3.89 million tons of cane sugar.