Wheat U.S. wheat ending stocks projected higher YOY Production up due to higher yields? Global production is declining Corn U.S. corn ending stocks fall further for this year and next Who is the big buyer of corn? Consumption assumptions are strong! Soy complex BBB and EPA driving large biofuel consumption for soybean oil in 2025/26 Food use change is a head-scratcher What’s 2025/26 looking like? Sugar Sugar deliveries for food use are down from last year What’s the forecast for 2026? Beet production lowered Mexico imports down Next week is our Wheat Market Update Webinar! Wed., July 19, 11am PT / 2pm ET Be on the lookout for your invite or sign up now at mckeany-flavell.com Host: Michael Caughlan, President & CEOExpert: Nicole Thomas, Vice President – Information ServicesExpert: Kevin Combs, Vice President – Global Sweeteners Specialist