Food Business News - October 31, 2017 - 46

INGREDIENT MARKETS

Sweeteners
Cash sugar prices were unchanged
but with a firm tone after price hikes by
some processors and refiners a week earlier. Trading was routine and quiet. Some
buyers began to inquire about 2018-19
with 2017-18 business mostly completed.
Bulk refined beet sugar prices were
firm at 33.5c to 34.5c a lb f.o.b. Midwest,
with sugar selling at both ends of the
price range. Some offers were as high as
35.5c a lb f.o.b. from well sold processors
who were not seeking additional sales.

Beet and cane sugar
f.o.b. plant, cents per lb

- Change from -
Oct. 27
Oct. 20 Oct. 13
Midwest beet
33.50 @ 35.50
-
-
Pacific beet*
39.00 @ 40.00
-
-
Northeast cane** 36.00 @ 38.00
-
-

Year
ago
28.50
34.00
34.00

*Delivered **Spot raw plus 7% plus 7.1c with 2% cash discount.

Raw cane
Delivered refiner, cents per lb
- Change from -
Contract
Oct. 27 Oct. 20 Oct. 13
Nearby
27.30
+.27
+.28
November-December 27.30
+.27
+.28
January-March
27.20
+.20
+.20
April-June
27.10
+.10
+.10
July-September
27.10
+.18
+.20
October-December
26.75
-.05
-

Year
ago
28.85
28.85
28.60
28.40
28.10
27.80

Sugar beets were 74% harvested in
the four largest producing states as of Oct.
22, slightly behind 76% both last year and
as the 2012-16 average for the date, the U.S.
Department of Agriculture said. Beets
were 85% lifted in Minnesota (89% as the
average), 95% in North Dakota (92%), 51%
in Idaho (60%) and 37% in Michigan (35%).
In other states, beets were 36% harvested in
Colorado (53% as the average), 75% in Wyoming (60%) and 64% in Montana (64%).
The arrival of colder weather was
welcomed for outside sugar beet piles as
harvesting in some areas was delayed due
to warm weather a couple weeks back.
In its October Sugar and Sweeteners
Outlook, the U.S.D.A. said October-August beet sugar deliveries were up 17.2%
from the same period of 2015-16, with
deliveries of 500,000 tons in August an
all-time high. Total 2016-17 delivery estimates were up 3.2% from 2015-16.
"Large inventories heading into
2016-17 and price discounts for beet
sugar relative to cane sugar helped boost
sales after a slow marketing season in

Sweeteners
Delivered basis, cents per lb
HFCS spot price1

Midwest
Northeast
Southeast
Southwest
West

Oct. 27
237/8@ 247/8
25¼ @ 26¼
253/8@ 263/8
25 @ 26
257/8@ 277/8

Year ago
223/8 @ 233/8
23¾ @ 24¾
237/8 @ 247/8
23½ @ 24½
243/8 @ 263/8

HFCS list price2
42% HFCS wet
28.250
30.500
30.000
29.500
30.750

55% HFCS wet
34.250 net
36.750 net
36.500 net
36.000 net
37.250 net

Regular
corn
syrup3
34.25
36.50
36.50
37.50
38.75

East
Midwest
West

1-Variations in prices often tied to tank car versus truck deliveries. 2-Prices are the lowest available to the publication. 3-Regular 42 DE/43 Baume, f.o.b. tank cars, trucks

Dextrose
39.00@41.00
38.00@40.00
41.00@43.00

2015-16," the U.S.D.A. said.
October-August cane sugar deliveries were 5.5% below the same period
a year earlier, with the August total
comparable to the five-year average,
the U.S.D.A. said. Cane sugar deliveries surged in early 2016 due to concerns
about potential labeling of bioengineered
ingredients. The premium of refined cane
sugar to beet sugar soared to as much as
8c a lb last year, but has since narrowed
to a more typical 1c to 2c a lb, although
wider premiums persisted in some areas.
Bulk refined cane sugar prices were
firm, mostly from 35c to 37c a lb f.o.b. in
the Southeast, 36c to 38c a lb f.o.b. in the
Northeast and 41c to 42c a lb delivered on
the West coast.
The sugar cane harvest in Louisiana
was 28% completed as of Oct. 22, ahead
of 22% as the five-year average.
The Florida sugar cane harvest continued where dry conditions allowed, the
state U.S.D.A. office said. The trade awaited
the November supply-and-demand report
to see if the U.S.D.A. will further reduce
forecast 2017-18 sugar production in Florida
due to losses from Hurricane Irma.
The Florida situation further added
to concerns about the overall tight supply
scenario expected in U.S. and Mexican
sugar markets during 2017-18.
Contracting of liquid corn sweeteners for 2018 was concluded except in a
few cases. Booking of dry dextrose was
ongoing but slow. FBN

Cellulose Fiber-
The Choice is Natural






Non-GMO
FDA Approved Fiber Source*
99% Total Dietary Fiber
Pure white in color
Non-Allergenic

46

888-SUGAR-99 * Sweetenersupply.com

Food Business News

*Based on the FDA final list published May 2016 of approved sources that are
proven to have physiological effects that are
beneficial31,
to human
October
2017 health.


http://www.Sweetenersupply.com

Table of Contents for the Digital Edition of Food Business News - October 31, 2017

Food Business News - October 31, 2017
DAIRY BUSINESS NEWS - Clean label approach: From the farm to the fridge
Contents
WEB CONTENTS
FROM THE EDITOR - Difficult realities confront industry leaders seeking growth
Change is a key component of Coca-Cola’s growth strategy
McDonald’s ratchets up value in 2018 with price points
Utz Quality Foods to acquire Inventure Foods
Danone sales accelerate in third quarter due to demand in Specialized Nutrition
Danone restructures leadership team
NACS SHOW 2017- C-store operators seeking to upgrade image and offerings
Ferrero Group expanding in U.S. with Ferrara Candy acquisition
WASHINGTON - Report prods F.D.A. to speed inspection pace and firmly address violations
MARKET INSIGHT - Ample red meat, poultry supplies keep pressure on prices
INGREDIENT TRENDS - Adding NUTS to new applications
INGREDIENT INNOVATIONS - Targeting texture
NEW FOOD PRODUCTS
Ingredient Market Trends - Soybean harvest near average pace, but corn harvest still lags
INGREDIENT MARKETS
SUPPLIER INNOVATIONS
CLASSIFIEDS
MARKETPLACE
Ad index
Food business in the news
Food Business News - October 31, 2017 - DAIRY BUSINESS NEWS - Clean label approach: From the farm to the fridge
Food Business News - October 31, 2017 - 2
Food Business News - October 31, 2017 - 3
Food Business News - October 31, 2017 - Contents
Food Business News - October 31, 2017 - 5
Food Business News - October 31, 2017 - WEB CONTENTS
Food Business News - October 31, 2017 - 7
Food Business News - October 31, 2017 - 8
Food Business News - October 31, 2017 - FROM THE EDITOR - Difficult realities confront industry leaders seeking growth
Food Business News - October 31, 2017 - Change is a key component of Coca-Cola’s growth strategy
Food Business News - October 31, 2017 - 11
Food Business News - October 31, 2017 - McDonald’s ratchets up value in 2018 with price points
Food Business News - October 31, 2017 - 13
Food Business News - October 31, 2017 - Utz Quality Foods to acquire Inventure Foods
Food Business News - October 31, 2017 - 15
Food Business News - October 31, 2017 - Danone sales accelerate in third quarter due to demand in Specialized Nutrition
Food Business News - October 31, 2017 - Danone restructures leadership team
Food Business News - October 31, 2017 - NACS SHOW 2017- C-store operators seeking to upgrade image and offerings
Food Business News - October 31, 2017 - 19
Food Business News - October 31, 2017 - 20
Food Business News - October 31, 2017 - 21
Food Business News - October 31, 2017 - 22
Food Business News - October 31, 2017 - 23
Food Business News - October 31, 2017 - 24
Food Business News - October 31, 2017 - 25
Food Business News - October 31, 2017 - Ferrero Group expanding in U.S. with Ferrara Candy acquisition
Food Business News - October 31, 2017 - 27
Food Business News - October 31, 2017 - WASHINGTON - Report prods F.D.A. to speed inspection pace and firmly address violations
Food Business News - October 31, 2017 - 29
Food Business News - October 31, 2017 - MARKET INSIGHT - Ample red meat, poultry supplies keep pressure on prices
Food Business News - October 31, 2017 - 31
Food Business News - October 31, 2017 - INGREDIENT TRENDS - Adding NUTS to new applications
Food Business News - October 31, 2017 - 33
Food Business News - October 31, 2017 - INGREDIENT INNOVATIONS - Targeting texture
Food Business News - October 31, 2017 - 35
Food Business News - October 31, 2017 - 36
Food Business News - October 31, 2017 - 37
Food Business News - October 31, 2017 - 38
Food Business News - October 31, 2017 - 39
Food Business News - October 31, 2017 - 40
Food Business News - October 31, 2017 - 41
Food Business News - October 31, 2017 - NEW FOOD PRODUCTS
Food Business News - October 31, 2017 - 43
Food Business News - October 31, 2017 - 44
Food Business News - October 31, 2017 - Ingredient Market Trends - Soybean harvest near average pace, but corn harvest still lags
Food Business News - October 31, 2017 - INGREDIENT MARKETS
Food Business News - October 31, 2017 - 47
Food Business News - October 31, 2017 - 48
Food Business News - October 31, 2017 - 49
Food Business News - October 31, 2017 - 50
Food Business News - October 31, 2017 - 51
Food Business News - October 31, 2017 - 52
Food Business News - October 31, 2017 - 53
Food Business News - October 31, 2017 - 54
Food Business News - October 31, 2017 - 55
Food Business News - October 31, 2017 - SUPPLIER INNOVATIONS
Food Business News - October 31, 2017 - 57
Food Business News - October 31, 2017 - CLASSIFIEDS
Food Business News - October 31, 2017 - MARKETPLACE
Food Business News - October 31, 2017 - 60
Food Business News - October 31, 2017 - Ad index
Food Business News - October 31, 2017 - Food business in the news
Food Business News - October 31, 2017 - 63
Food Business News - October 31, 2017 - 64
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