Recent rains add quality challenges to large crop.

Multiple factors, including ample domestic and global supplies, are adding pressure

Wheat production lowered slightly from July; corn yield forecast record high. 

Based partly on all-wheat production down 1.2% from July.

Stocks-to-use ratio shoots to 16.14% this year, 15.87% next year.

Record high-tier imports have distorted sugar supply situation.

Warning labels in other countries show minimal impact, speakers say.

No. 11 raw sugar prices down 10% since late November.

Reassignment will allow all 2023-24 domestic sugar to be sold.

Plant will add 40,000 tons of sugar to state’s output.