Cash sugar prices were steady to firmer last week amid continued active sales. The sugar cane harvest advanced while the beet harvest was concluding in key states.
Focus in the sweetener markets last week was on contracting of 2017 corn sweeteners and the ramping up of the sugar beet harvest in the Red River Valley. Cash sugar markets mostly were quiet as the trade still awaited results from talks between the United States and Mexico that may alter the import mix of raw and refined sugar outlined in the Dec. 19, 2014, Countervailing Duty Suspension Agreements.
Bulk refined beet and cane sugar prices were unchanged last week in mostly quiet activity as the trade still awaited word on potential changes to the Countervailing Duty Suspension Agreements that may alter U.S. sugar imports from Mexico with the United States seeking to boost raw sugar supplies for some cane refiners.