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Grain Traders Mull Effect of Coca-Cola Sweetener Switch -- Market Talk

Dow Jones
Jul 17, 2025

1010 ET - Grain traders are attempting to understand the effect of a switch in the sweetener used in U.S. Coca-Cola from high fructose corn syrup to sugarcane--and what effect that may have on the consumption of U.S. corn crops. "Roughly 410 million bushels of corn--about 8-9% of annual usage--currently go toward high fructose corn syrup production, making this a potentially significant hit to the domestic demand base if more companies follow suit with MAHA's ingredient policy shifts," says John Stewart and Associates in a note. President Trump's post on Truth Social declaring that Coca-Cola has agreed to this change is sending agricultural stocks like ADM and INGR lower in early trading. CBOT corn futures are down 0.1%. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

July 17, 2025 10:10 ET (14:10 GMT)

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