Food Business News - July 25, 2017 - 53

Soy Products
Spot soy flour prices were raised last
week in line with advances in soybean
meal futures. Bookings were about two
weeks forward.
Soybean and soybean meal futures
advanced last week on weather concerns
and deteriorating soybean crop condition ratings from the U.S. Department of
Agriculture. After starting last week on
a weaker note, soybean futures followed
with three consecutive days of gains and
were up about 25c a bu through Thursday
nearby through January 2018. Prices
eased slightly Friday in both markets.
While meteorologists offered mixed
forecasts, most seemed to agree weather
would remain hot and dry in the Upper
Midwest and western Corn Belt through
July, with both relief and another bout
of hot, dry weather forecast for August.
Late July and August are critical as soybeans will be in their yield-determining
pod-setting phase.
The condition of the soybean crop in
the 18 major states deteriorated with 61%
of the crop rated good to excellent as of July
16 (62% a week earlier and 71% a year ago),
28% fair and 11% poor to very poor, the
U.S.D.A. said in its weekly Crop Progress
report. Soybeans were entering the critical
yield-making phase with 16% of the crop in
the 18 states setting pods (13% as the 201216 average for the date) and 52% blooming.
Net export sales of soybeans in the
week ended July 13 were 409,600 tonnes
for 2016-17, up 80% from a week earlier
and up 61% from the four-week average.

Chicago corn and soy futures
Corn Futures
$ per bu
September
December
March
May
July
Soybeans
August
September
November
January
March
Soybean Meal
August
September
October
December
January
July 25, 2017

U.S. corn in the week ended July 13 were
466,500 tonnes for 2016-17, up 189% from
a week earlier and up 63% from the prior
four-week average. Sales for 2017-18 were
212,100 tonnes. The two-year total was
near the top of trade expectations. FBN

Corn Products

Oats

Prices of cornmeal and other corn
products were raised last week in keeping with gains in corn futures. Sales of
extruded products used in snacks were
seasonally strong.
Futures continued to advance on concerns about hot, dry weather during the key
pollination phase of the crop, when yields
are largely determined, and slippage in
crop condition ratings. Corn futures gained
about 15c a bu through last Thursday,
but gains were trimmed to about 4c after
losses on Friday. Weather conditions were
expected to improve across the Midwest in
coming weeks. "Pockets" of dry areas will
remain, and yields already likely have been
trimmed from earlier expectations, crop
observers and meteorologists said.
Corn was in the heart of the critical
pollination/yield-making phase with
40% of the crop in the 18 major states
silking as of July 16, behind 53% a year
ago and 47% as the 2012-16 average for
the date, the U.S.D.A. said. The condition of the crop deteriorated in the latest
week with 64% rated good to excellent
(65% a week earlier and 76% a year ago),
25% fair and 11% poor to very poor.
The U.S.D.A. said net export sales of

Food-grade oats flakes prices were
raised slightly last week. Oats futures
posted moderate gains.
The oats crop in the nine major
states was rated 51% good to excellent
on July 16, (53% a week earlier and 66% a
year ago), 27% fair and 22% poor to very
poor, the U.S.D.A. said. The crop was 14%
harvested compared with 20% as the
2012-16 average for the date. FBN

Soy flour

- Change from - Year
July 21 July 14 July 7
ago
3.79¾
3.93½
4.04½
4.09½
4.14¼
$ per bu
10.09
10.14¼
10.22¼
10.30¾
10.33½
$ per ton
329.70
331.70
333.60
336.80
338.70

Sales for 2017-18 were 1,522,500 tonnes,
which included 1,300,000 tonnes to China based on recent agreements signed
and announced by the two countries. The
two-year total was within the range of
trade expectations. FBN

+3½
+4
+4¼
+4½
+4½

-12¾
-11¼
-9¼
-8¾
-8½

3.35
3.41¾
3.51½
3.57
3.62½

+20
+21½
+20¾
+20½
+19½

+8
+8
+6¾
+7½
+14¾

10.06½
9.98¾
9.88¼
9.89¼
9.82¼

+6.00
+6.00
+5.80
+5.60
+5.80

-1.00
-1.00
-1.10
-1.20
-.60

346.70
345.80
343.10
341.70
337.80

The United States and China signed
an agreement last week that will allow the
first-ever exports of U.S. rice to China, the
world's largest producer, consumer and
importer of rice, pending an audit of U.S.
rice facilities by China. USA Rice noted
that China consumes the equivalent of the
annual U.S. rice crop every 13 days.
U.S. milled rice prices reported by the
U.S.D.A. were mixed with long-grain and
medium-grain prices higher but second
heads and brewers' grain lower. Rice byproduct prices also were mixed with bran
higher but millfeed and hulls lower. The
U.S.D.A. posted world milled rice prices
were unchanged in the latest week. FBN

Rice

Defatted, f.o.b. Midwest plant, $ per cwt - Change from -
July 21
July 14
July 7
Bulk
26.25 @ 27.45 +.25 @ +.30
-.07 @ -.05
Sacked
27.25 @ 29.45 +.25 @ +.30
-.07 @ -.05

Corn meal
$ per cwt
Chicago, bulk
Chicago, sacked
New York, bulk
New York, sacked

Rice

July 21
16.50 @ 17.03
18.27 @ 18.80
18.17 @ 18.70
20.59 @ 21.12

- Change from -
July 14
July 7
+.07 @+.05 -.23 @ -.27
+.07 @+.05 -.23 @ -.27
+.07 @+.05 -.23 @ -.27
+.07 @+.05 -.23 @ -.27

Oats
Minneapolis
July 21
Food grade flakes, f.o.b.,
bagged, $ per cwt
28@28.50
Milling quality oats, No. 2 heavy,
$ per bu
3.45¾
Oat hulls, $ per ton
25@35

- Change from -
July 14
July 7
+.25

+.25

+8¾c
-

+13c
-

Offers f.o.b. mills, $ per cwt, bagged - Change from -
Cash
July 21
July 14 July 7
Long grain
21.25@24.50
+0.75 +0.75
Medium grain
23.50@26.00
+0.50 +0.50
Parboiled
23.00@25.50
-
-
Second heads, bulk 15.00@17.00
-0.25
-0.25
Brewers
13.50@15.00
-1.00
-1.00
f.o.b. mills, $ per ton
Rice millfeed
38@40
-2.00
-2.00
Rice bran
85@95
+15.00 +15.00
Rice hulls
5@15
-5.00
-5.00
U.S.D.A. world price milled - $ per cwt
Long grain
16.02
- +0.16
Medium/short grain 15.47
- +0.15
Broken
9.68
- +0.11
C.B.O.T. rough rice futures - $ per cwt
September
11.98½
+0.31
-0.01
November
12.19
+0.29½ -0.01½
January
12.35
+0.29
-0.05
March
12.46½
+0.29 -0.06½
Food Business News

Year
ago
21.50
22.00
23.00
15.25
13.75
30.00
80.00
5.00
14.66
14.28
8.84
10.41
10.68
10.93
11.13
53



Table of Contents for the Digital Edition of Food Business News - July 25, 2017

BUSINESS -- E-commerce: Laying the foundation for a digital future
CONTENTS
WEB CONTENTS
FROM THE EDITOR -- IFT17 highlights worrying industry cross currents
NEWS -- McCormick to acquire Reckitt Benckiser’s food business
NEWS -- Ramon Laguarta promoted to president at PepsiCo
NEWS -- Diester to succeed at helm of Russell Stover Chocolates
NEWS -- Transformation accelerating for Conagra Brands
NEWS -- Subway testing refreshed design, gluten-free bread
NEWS -- PepsiCo preparing for change and redefi ning growth
NEWS -- Kroger suing Lidl for trademark infringement
NEWS -- Campbell Soup to acquire organic soup maker
MARKET INSIGHT -- Crop conditions continue to drive grain, oilseed prices
WASHINGTON -- Trump administration outlines objectives for NAFTA renegotiation
INGREDIENT TRENDS -- Slaughter-free meat?
INGREDIENT INNOVATIONS -- Spirulina may simplify quest for naturally sourced colors
BEVERAGE BUSINESS NEWS -- Meal in a bottle
NEW FOOD PRODUCTS -- Maxwell House launches MAX line
NEW FOOD PRODUCTS -- Chobani charges into classic yogurt category
NEW FOOD PRODUCTS -- GU Energy Labs off ers toasted marshmallow energy gel
NEW FOOD PRODUCTS -- Trio of new fl avors join Enjoy Life’s chewy bars line
NEW FOOD PRODUCTS -- Unilever unveils vegan, organic I Can’t Believe It’s Not Butter! products
NEW FOOD PRODUCTS -- Zoup! introduces chicken broth for retail
NEW FOOD PRODUCTS -- Dry Sparkling introduces watermelon variety
NEW FOOD PRODUCTS -- Thomas’ Swirl Bread adds blueberry pancake fl avor
NEW FOOD PRODUCTS -- Dunkin’ Donuts fl avor debuts from Oreo
NEW FOOD PRODUCTS -- Hostess pairs peanut butter and chocolate in new Twinkies variety
INGREDIENT MARKET TRENDS -- Trudeau addresses U.S. governors on importance of NAFTA
INGREDIENT MARKETS
SUPPLIER INNOVATIONS -- Lesaff re’s organic nutritional yeast now certifi ed gluten-free
SUPPLIER INNOVATIONS -- Blue California commercializes Gamma-Decalactone
SUPPLIER INNOVATIONS -- Prova launches line of allergen-free nut fl avors
SUPPLIER INNOVATIONS -- PureCircle introduces stevia antioxidant product for food, beverages
SUPPLIER INNOVATIONS -- Agropur restructures ingredients business
SUPPLIER INNOVATIONS -- Prinova to acquire Lycored’s U.K., China premix operations
CLASSIFIEDS
MARKETPLACE
AD INDEX
FOOD BUSINESS IN THE NEWS
FROM THE ARCHIVE - A DECADE OF INSIGHT
Food Business News - July 25, 2017 - BUSINESS -- E-commerce: Laying the foundation for a digital future
Food Business News - July 25, 2017 - 2
Food Business News - July 25, 2017 - 3
Food Business News - July 25, 2017 - CONTENTS
Food Business News - July 25, 2017 - 5
Food Business News - July 25, 2017 - WEB CONTENTS
Food Business News - July 25, 2017 - 7
Food Business News - July 25, 2017 - 8
Food Business News - July 25, 2017 - FROM THE EDITOR -- IFT17 highlights worrying industry cross currents
Food Business News - July 25, 2017 - NEWS -- McCormick to acquire Reckitt Benckiser’s food business
Food Business News - July 25, 2017 - 11
Food Business News - July 25, 2017 - 12
Food Business News - July 25, 2017 - 13
Food Business News - July 25, 2017 - 14
Food Business News - July 25, 2017 - 15
Food Business News - July 25, 2017 - NEWS -- Diester to succeed at helm of Russell Stover Chocolates
Food Business News - July 25, 2017 - 17
Food Business News - July 25, 2017 - NEWS -- Transformation accelerating for Conagra Brands
Food Business News - July 25, 2017 - 19
Food Business News - July 25, 2017 - NEWS -- Subway testing refreshed design, gluten-free bread
Food Business News - July 25, 2017 - 21
Food Business News - July 25, 2017 - NEWS -- PepsiCo preparing for change and redefi ning growth
Food Business News - July 25, 2017 - 23
Food Business News - July 25, 2017 - 24
Food Business News - July 25, 2017 - NEWS -- Kroger suing Lidl for trademark infringement
Food Business News - July 25, 2017 - NEWS -- Campbell Soup to acquire organic soup maker
Food Business News - July 25, 2017 - MARKET INSIGHT -- Crop conditions continue to drive grain, oilseed prices
Food Business News - July 25, 2017 - WASHINGTON -- Trump administration outlines objectives for NAFTA renegotiation
Food Business News - July 25, 2017 - 29
Food Business News - July 25, 2017 - INGREDIENT TRENDS -- Slaughter-free meat?
Food Business News - July 25, 2017 - 31
Food Business News - July 25, 2017 - 32
Food Business News - July 25, 2017 - 33
Food Business News - July 25, 2017 - INGREDIENT INNOVATIONS -- Spirulina may simplify quest for naturally sourced colors
Food Business News - July 25, 2017 - 35
Food Business News - July 25, 2017 - 36
Food Business News - July 25, 2017 - 37
Food Business News - July 25, 2017 - BEVERAGE BUSINESS NEWS -- Meal in a bottle
Food Business News - July 25, 2017 - 39
Food Business News - July 25, 2017 - 40
Food Business News - July 25, 2017 - 41
Food Business News - July 25, 2017 - NEW FOOD PRODUCTS -- Trio of new fl avors join Enjoy Life’s chewy bars line
Food Business News - July 25, 2017 - NEW FOOD PRODUCTS -- Zoup! introduces chicken broth for retail
Food Business News - July 25, 2017 - NEW FOOD PRODUCTS -- Hostess pairs peanut butter and chocolate in new Twinkies variety
Food Business News - July 25, 2017 - INGREDIENT MARKET TRENDS -- Trudeau addresses U.S. governors on importance of NAFTA
Food Business News - July 25, 2017 - INGREDIENT MARKETS
Food Business News - July 25, 2017 - 47
Food Business News - July 25, 2017 - 48
Food Business News - July 25, 2017 - 49
Food Business News - July 25, 2017 - 50
Food Business News - July 25, 2017 - 51
Food Business News - July 25, 2017 - 52
Food Business News - July 25, 2017 - 53
Food Business News - July 25, 2017 - 54
Food Business News - July 25, 2017 - 55
Food Business News - July 25, 2017 - SUPPLIER INNOVATIONS -- Prova launches line of allergen-free nut fl avors
Food Business News - July 25, 2017 - SUPPLIER INNOVATIONS -- Prinova to acquire Lycored’s U.K., China premix operations
Food Business News - July 25, 2017 - CLASSIFIEDS
Food Business News - July 25, 2017 - MARKETPLACE
Food Business News - July 25, 2017 - 60
Food Business News - July 25, 2017 - AD INDEX
Food Business News - July 25, 2017 - FROM THE ARCHIVE - A DECADE OF INSIGHT
Food Business News - July 25, 2017 - 63
Food Business News - July 25, 2017 - 64
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