Here's a quick monitor of Washington farm and trade policy issues from DTN's well-placed observer.
U.S. May See Sugar Surplus This Year
USDA's latest world agricultural supply and demand reports include a forecast of record U.S. sugar production for the 2012-13 marketing year that could hit 9.22 million short tons and exceed the peak of 9.032 million tons produced in 1999-2000.
Some forecasters say it is becoming more likely USDA will be required to remove some sugar from the domestic market to support farm-level prices. For example, Bloomberg News has calculated that while Americans are eating ...