From USDA
Farm Service Agency
The U.S. Department of Agriculture (USDA) Commodity Credit Corporation (CCC) does not expect to purchase and sell sugar under the Feedstock Flexibility Program (FFP) for crop year 2020, which runs from Oct. 1, 2020, to Sept. 30, 2021.
The CCC is required by law to quarterly announce estimates of sugar to be purchased and sold under the FFP based on crop and consumption forecasts.
Federal law allows sugar processors to obtain loans from USDA with maturities of up to nine months when the sugarcane or sugar beet harvest begins. On loan maturity, the sugar processor may repay the loan in full or forfeit the collateral (sugar) to USDA to satisfy the loan.