Overview

• President Donald Trump announced on July 16 that he secured Coca-Cola’s agreement to sweeten its US-produced cola with cane sugar instead of high-fructose corn syrup.
• The company’s statement expressed appreciation for Trump’s enthusiasm and referenced upcoming "innovative offerings" without confirming the scope of any recipe change.
• It is unclear whether cane sugar will fully replace high-fructose corn syrup across all US Coca-Cola variants or be limited to select products.
• Shares of Archer-Daniels-Midland, a major high-fructose corn syrup supplier, fell about 6 percent in after-hours trading after the announcement.
• US corn growers and industry groups warn that a full switch to imported cane sugar could cost jobs and raise import volumes, while health advocates have long targeted high-fructose corn syrup over obesity and diabetes concerns.