USDA ERS: Sugar and Sweeteners Outlook July 16, 2026

Sugar and Sweeteners Outlook July 16, 2026

U.S. Sugar Outlook

Multi-year Revisions Were Made to the U.S. Balance Sheet

There were multi-year data revisions (from FY 2019/20 through April 2026) to deliveries for human

consumption and ending stocks in the USDA, Farm Service Agency’s (FSA) Sweetener Market

Data (SMD) report. These updates were reflected in the July 2026 World Agricultural Supply and

Demand Estimates (WASDE) report’s U.S. balance sheet. A company underreported its sugar

deliveries for consumption, which then resulted in overreported inventories because the company

previously calculated their ending stocks (as opposed to reporting physical inventories). While the

corrections to deliveries were relatively small on an average monthly basis, the effects on ending-

month inventories accumulated over the period. By the end of April 2026, the overreported stocks

amounted to 145,870 short tons, raw value (STRV). For a more detailed explanation, please see

the FSA July 2026 SMD report and the accompanying Explanation for Sweetener Market Data

Revisions to Fiscal Years 2020–2026 document that is posted on the FSA, Dairy and Sweetener

Analysis website. In addition, the multi-year revisions have been incorporated into the

corresponding ERS Sugar and Sweetener Yearbook tables.

Vidalina Abadam, coordinator