Food Business News - September 06, 2016 - 75

Market commentary for one-week period ended September 2, 2016 Soy Products 187,000 tonnes to China for 2016-17. FBN Soy flour prices fell last week in sync with declines in soybean meal futures. Demand in the spot market remained strong, with bookings at least two weeks forward. Contract buying was steady. Soy flour continued to be sought after by food manufacturers for a wide range of applications, including extending the shelf life of baked items. Soybean meal futures and soybean futures declined last week as continued favorable weather and expectations for a bumper harvest kept downward pressure on prices. The U.S. Department of Agriculture's weekly Crop Progress report said 5% of the soybean crop in the 18 major states was dropping leaves in the week ended Aug. 28 compared with 8% on the same date a year ago and 5% as the 2011-15 average for the date. Ninety-four per cent of the crop was setting pods in the latest week compared with 91% a year ago and 92% as the average. Seventythree per cent of the crop was rated good to excellent compared with 72% a week earlier and 63% at the same time last year. Indications were the soybean harvest was getting under way on a limited basis in Southern states. Harvested in Louisiana was 7% as of Aug. 28 (compared with 18% as the five-year average), 5% in Mississippi (6%) and 1% in Arkansas (3%). Net export sales of soybeans in the week ended Aug. 25 were 107,500 tonnes for 2015-16, down noticeably from the previous week and down 50% from the prior four-week average. Sales for 2016-17 were 1,476,400 tonnes. Trade expectations for the combined crop years ranged from 1 million to 1.8 million tonnes. The U.S.D.A. last week reported private export sales of soybeans to "unknown destinations" totaling 666,000 tonnes and of Chicago corn and soy futures Corn Futures $ per bu September December March May July September Soybeans September November January March May July Soybean Meal September October December January March May September 6, 2016 Corn meal and other corn product prices were raised slightly last week in keeping with small gains in corn futures. Production remained strong, with mill grind averaging about six days to meet strengthening demand from retail outlets. Because customer interest in corn products was expected to stay strong until the end of the year, wholesale manufacturers were adding to inventories to carry through the fall baking season, which includes Thanksgiving, a holiday when corn-based dishes are often a feature. Grits demand was strong, especially in the South. Hominy feed values weakened last week amid lackluster demand. Corn futures made solid declines during the first half of last week before turning higher and finishing with small gains. Early on, favorable weather conditions and expectations for a record harvest kept downward pressure on prices. Short-covering and some weakness in the dollar erased losses and moved prices into positive territory as the week progressed. The U.S.D.A.'s weekly Crop Progress report said 9% of the corn crop in the 18 major states was mature as of Aug. 28 compared with 8% on the same date a year ago and 11% as the fiveyear average for the date. The U.S.D.A. said 60% of the crop was dented in the latest week compared with 54% a year ago and 52% as the average. Ninety-two per cent of the crop was in the dough stage compared with 90% a year ago and 87% as the average. Seventy-five per cent of the crop was rated good to excellent, unchanged from a week earlier and compared with 68% at the same time a year ago. Corn harvest was well advanced across the South, lagging five-year averages for the date Soy products +¼ +3½ +4 +3½ +3½ +3¼ -17¾ -15¼ -15 -15 -14¼ -14 -22¼ -14¾ -14 -12 -10½ -9¼ -58½ -52 -49¼ -41¾ -36¼ -32¾ -7.50 -8.70 -8.10 -6.70 -5.50 -3.80 -16.30 -17.90 -18.10 -16.70 -14.30 -10.50 Oats Food-grade oats flakes prices ended about unchanged last week. Oats futures declined slightly. The U.S.D.A. said 95% of the oats crop in the nine major states was harvested as of Aug. 28 compared with 94% a year ago and 89% as the average for the date. FBN Rice U.S. milled rice and rice byproducts prices were steady last week, the U.S.D.A. said. World milled rice prices again were lowered. The U.S.D.A. said 22% of the rice crop was harvested in the six major states as of Aug. 28 compared with 24% on the same date a year ago and 21% as the 2011-15 average for the date. Sixty per cent of the crop was rated good to excellent compared with 61% a year ago and 66% a year ago. FBN Rice Defatted, f.o.b. Midwest plant, $ per cwt - Change from - Sept. 2 Aug. 26 Aug. 19 3.49½ Soy flour 25.96 @ 30.59 -.06@ -.44 -.56 @-1.38 3.63 Bulk 26.96 @ 32.59 -.06@ -.44 -.56 @-1.38 3.74½ Sacked 3.81½ Corn meal 3.86½ 3.88¼ $ per cwt - Change from - Sept. 2 Aug. 26 Aug. 19 8.77¼ 16.11@ 16.92 +.07@+.07 -.29@-.29 8.66½ Chicago, bulk 17.88@ 18.69 +.07@+.07 -.29@-.29 8.69¾ Chicago, sacked 17.78@ 18.59 +.07@+.07 -.29@-.29 8.71 New York, bulk 8.73 New York, sacked 20.20@ 21.01 +.07@+.07 -.29@-.29 - Change from - Year Sept. 2 Aug. 26 Aug. 19 ago 3.16½ 3.28½ 3.38½ 3.45¼ 3.525½ 3.59½ $ per bu 9.68½ 9.52½ 9.55¾ 9.58½ 9.61½ 9.64½ $ per ton 313.70 309.50 307.40 306.60 305.70 306.00 Corn Products in some states but outpacing the average in other states. Harvest in Louisiana was 59% completed in the week ended Aug. 28 (compared with 81% as the five-year average); 30% in Mississippi (49%); 26% in Alabama (24%), 72% in Georgia (65%), 70% in South Carolina (51%) and 22% in Arkansas (37%). Harvest in the Southeast was expected to be disrupted by heavy rainfall from Hurricane Hermine. The U.S.D.A. said net export sales of corn in the week ended Aug. 25 were 214,100 tonnes for 2015-16, up noticeably from the previous week but down 27% from the prior four-week average. Sales for 201617 were 647,500 tonnes. Analysts' estimates for both crop years ranged from 600,000 to 1.2 million tonnes. The U.S.D.A. last week reported private export sales of 404,540 tonnes of corn to Mexico for 2016-17. FBN 8.76¼ 313.90 308.10 306.80 304.80 302.60 299.30 offers f.o.b. mills, $ per cwt, bagged - Change from - Year Cash Sept. 2 Aug. 26 Aug. 19 ago Long grain 21.50@22.75 - - 21.00 Medium grain 22.00@23.00 - - 26.00 Parboiled 23.00@24.50 - - 23.50 Second heads, bulk 15.25@16.00 - - 16.50 Brewers 13.75@15.00 - - 14.50 f.o.b. mills, $ per ton Rice millfeed 35@45 - - 40.00 Rice bran 100@115 - - 75.00 Rice hulls 10@15 - - 5.00 U.S.D.A. world price milled - $ per cwt Long grain 14.05 -0.10 -0.54 14.45 Medium/short Oats 13.67 -0.09 -0.54 13.95 - Change from - grain 8.47 -0.07 -0.33 8.72 Minneapolis Sept. 2 Aug. 26 Aug. 19 Broken C.B.O.T. rough rice futures - $ per cwt Food grade flakes, f.o.b., September 9.56 -0.17 -0.69½ 12.20 bagged, $ per cwt 27.00@27.50 - - November 9.69 -0.23½ -0.62 12.11 Milling quality oats, No. 2 heavy, January 9.94 -0.21½ -0.62 12.40 $ per bu 2.28 -1c -1¾c March 10.18 -0.20 -0.62½ 12.65 Oat hulls, $ per ton 25@35 - - FOODBUSINESS NEWS ® 75

Table of Contents for the Digital Edition of Food Business News - September 06, 2016

Food Business News - August 6, 2016
Campbell Soup Co. restructures C-Fresh unit
Implementing the Food Safety Modernization Act
Dairy Business News - Keeping dairy clean and authentic
Table of Contents
Web Contents
Editorial - Sanderson Farms’ lonely crusade
Investor renews call for the breakup of Bob Evans Farms
McDonald’s reshuffles leadership team as Andres prepares to retire
Post Holdings to acquire National Pasteurized Eggs
Snyder’s-Lance adds to portfolio with popcorn brand purchase
Kellogg showing ‘excellent visibility’ into cost savings
Building Baskin-Robbins into a retail powerhouse
THE PROTEIN SHIFT: From fauna to flora
Tall Tree Foods adds The January Co. to portfolio
Nestle deals with difficult pricing situation
Annie’s launching 30 new organic products this year
SunOpta struggles in the wake of recall, frozen fruit supply issues
A.H.A., Sugar Association spar over added sugars recommendation
Pinnacle Foods to close Evol plant in Colorado
PepsiCo introduces U.S.D.A. certified organic Gatorade
The transformation of Ips Snacks
THREE PATHS that large companies may follow
Even with sales slip, Smucker profits surge on lower coffee prices
Simplicity, convenience driving consumer breakfast decisions
Market Insight - Oversupply challenging egg and milk markets
Ingredient Trends - COMPETITION challenging confectionery market
Ingredient Innovations - Natural sweeteners partner up
Giving honey more marketing power
A clean label checklist
New Food Products
INGREDIENT MARKET TRENDS - Value of U.S. ag exports in F.Y. 2017 forecast at $133 billion
Ingredient Markets
Supplier Innovations and News
Classifieds
Marketplace
Ad Index
Food Business News - September 06, 2016 - Dairy Business News - Keeping dairy clean and authentic
Food Business News - September 06, 2016 - 2
Food Business News - September 06, 2016 - 3
Food Business News - September 06, 2016 - Table of Contents
Food Business News - September 06, 2016 - 5
Food Business News - September 06, 2016 - Web Contents
Food Business News - September 06, 2016 - 7
Food Business News - September 06, 2016 - Editorial - Sanderson Farms’ lonely crusade
Food Business News - September 06, 2016 - 9
Food Business News - September 06, 2016 - 10
Food Business News - September 06, 2016 - 11
Food Business News - September 06, 2016 - Investor renews call for the breakup of Bob Evans Farms
Food Business News - September 06, 2016 - McDonald’s reshuffles leadership team as Andres prepares to retire
Food Business News - September 06, 2016 - Post Holdings to acquire National Pasteurized Eggs
Food Business News - September 06, 2016 - Snyder’s-Lance adds to portfolio with popcorn brand purchase
Food Business News - September 06, 2016 - Kellogg showing ‘excellent visibility’ into cost savings
Food Business News - September 06, 2016 - 17
Food Business News - September 06, 2016 - Building Baskin-Robbins into a retail powerhouse
Food Business News - September 06, 2016 - 19
Food Business News - September 06, 2016 - THE PROTEIN SHIFT: From fauna to flora
Food Business News - September 06, 2016 - 21
Food Business News - September 06, 2016 - 22
Food Business News - September 06, 2016 - Tall Tree Foods adds The January Co. to portfolio
Food Business News - September 06, 2016 - Nestle deals with difficult pricing situation
Food Business News - September 06, 2016 - Annie’s launching 30 new organic products this year
Food Business News - September 06, 2016 - 26
Food Business News - September 06, 2016 - SunOpta struggles in the wake of recall, frozen fruit supply issues
Food Business News - September 06, 2016 - 28
Food Business News - September 06, 2016 - A.H.A., Sugar Association spar over added sugars recommendation
Food Business News - September 06, 2016 - Pinnacle Foods to close Evol plant in Colorado
Food Business News - September 06, 2016 - 31
Food Business News - September 06, 2016 - PepsiCo introduces U.S.D.A. certified organic Gatorade
Food Business News - September 06, 2016 - 33
Food Business News - September 06, 2016 - The transformation of Ips Snacks
Food Business News - September 06, 2016 - 35
Food Business News - September 06, 2016 - THREE PATHS that large companies may follow
Food Business News - September 06, 2016 - 37
Food Business News - September 06, 2016 - Even with sales slip, Smucker profits surge on lower coffee prices
Food Business News - September 06, 2016 - 39
Food Business News - September 06, 2016 - Simplicity, convenience driving consumer breakfast decisions
Food Business News - September 06, 2016 - 41
Food Business News - September 06, 2016 - 42
Food Business News - September 06, 2016 - Market Insight - Oversupply challenging egg and milk markets
Food Business News - September 06, 2016 - 44
Food Business News - September 06, 2016 - 45
Food Business News - September 06, 2016 - Ingredient Trends - COMPETITION challenging confectionery market
Food Business News - September 06, 2016 - 47
Food Business News - September 06, 2016 - 48
Food Business News - September 06, 2016 - 49
Food Business News - September 06, 2016 - 50
Food Business News - September 06, 2016 - 51
Food Business News - September 06, 2016 - Ingredient Innovations - Natural sweeteners partner up
Food Business News - September 06, 2016 - 53
Food Business News - September 06, 2016 - 54
Food Business News - September 06, 2016 - 55
Food Business News - September 06, 2016 - Giving honey more marketing power
Food Business News - September 06, 2016 - 57
Food Business News - September 06, 2016 - 58
Food Business News - September 06, 2016 - 59
Food Business News - September 06, 2016 - 60
Food Business News - September 06, 2016 - A clean label checklist
Food Business News - September 06, 2016 - 62
Food Business News - September 06, 2016 - 63
Food Business News - September 06, 2016 - New Food Products
Food Business News - September 06, 2016 - 65
Food Business News - September 06, 2016 - 66
Food Business News - September 06, 2016 - INGREDIENT MARKET TRENDS - Value of U.S. ag exports in F.Y. 2017 forecast at $133 billion
Food Business News - September 06, 2016 - Ingredient Markets
Food Business News - September 06, 2016 - 69
Food Business News - September 06, 2016 - 70
Food Business News - September 06, 2016 - 71
Food Business News - September 06, 2016 - 72
Food Business News - September 06, 2016 - 73
Food Business News - September 06, 2016 - 74
Food Business News - September 06, 2016 - 75
Food Business News - September 06, 2016 - 76
Food Business News - September 06, 2016 - 77
Food Business News - September 06, 2016 - Supplier Innovations and News
Food Business News - September 06, 2016 - 79
Food Business News - September 06, 2016 - 80
Food Business News - September 06, 2016 - Classifieds
Food Business News - September 06, 2016 - 82
Food Business News - September 06, 2016 - Marketplace
Food Business News - September 06, 2016 - 84
Food Business News - September 06, 2016 - Ad Index
Food Business News - September 06, 2016 - 86
Food Business News - September 06, 2016 - 87
Food Business News - September 06, 2016 - 88
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