USDA adjusts US 2024-25 ending stocks-to-use ratio to 13.5%.

Supplies and prices have seen wide fluctuations in recent weeks.

US sugar production forecast also lowered.

Agreement includes share, supply agreement and other rights.

Supply in 2023-24 revised down as lower production offsets higher imports.

Soybeans, peanuts, cotton, poultry also suffer losses.

Cane sugar revised 2023-24 allocations also announced.

Ending stocks-to-use ratio for 2024-25 at 14.2%; sugar supplies ample.

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

Findings are the latest in a series of actions involving US honey imports.