Milling & Baking News - May 9, 2017 - 48

Ingredient Week X
Grain-based foods stocks

Specialty feed
May 4
Close

Net
change

Grain-Based Foods
Share Index ........................................ 24821.58
AdvancePierre Foods Holdings ............ 40.51
ADM ........................................................ 42.40
B&G Foods ............................................. 39.95
Bridgford ................................................ 12.43
Bunge ..................................................... 69.79
Campbell Soup ...................................... 57.24
Conagra Brands ..................................... 37.70
Dunkin' Brands ...................................... 56.80
Flowers Foods ....................................... 18.96
General Mills ......................................... 57.05
Hain Celestial.......................................... 36.85
Hostess Brands....................................... 16.50
Ingredion ............................................... 120.83
J & J Snack ............................................. 131.85
Kellogg ................................................... 70.40
Kraft Heinz Co. ...................................... 89.70
Lamb Weston ........................................ 41.26
Lancaster Colony ................................... 123.53
MGP Ingredients ................................... 56.69
Mondelez International......................... 45.05
Panera Bread Co. ................................... 313.33
PepsiCo .................................................. 112.96
Post Holdings ........................................ 81.57
Seaboard ................................................. 3955.01
J.M. Smucker .......................................... 125.60
Snyder's-Lance ....................................... 33.90
Starbucks ............................................... 60.83
TreeHouse Foods .................................. 78.01
Grupo Bimbo .........................................
George Weston Ltd. ...............................
Maple Leaf Foods ..................................

-830.43
-.20
-3.38
-2.30
-.16
-8.70
+.13
-1.11
+.34
-.89
-.36
-.82
-.54
-1.55
-2.81
-.56
-1.13
-1.38
+.33
+3.92
+.05
-.06
+.32
-2.58
-293.99
-.81
-1.52
-.47
-8.89

44.94
122.98
34.19

52-week
High
Low
25802.40 19995.56
40.79
22.99
47.88
37.00
52.84
39.80
16.00
10.43
82.66
67.53
67.89
56.78
41.88
33.08
58.43
41.29
21.00
18.68
72.95
55.67
56.99
32.87
17.18
9.50
140.00
119.45
143.21
99.52
87.16
68.67
97.77
79.69
43.48
40.75
149.30
116.11
58.00
25.69
46.40
40.50
316.21
185.69
114.61
98.50
89.04
81.18
4545.00 3912.51
157.31
124.95
40.85
28.92
61.94
50.84
104.53
62.64

-1.35
+1.53
+1.37

60.86
124.76
34.84

43.90
100.41
26.37

Bakery ingredient indexes
May 5
195.0
134.0
122.0
213.2
140.0
132.8
167.3

Bagel
Cake donut
Devil's food cake
Pasta
Saltine cracker
Shortbread cookie
White pan bread

- Change from -
Apr. 28
Apr. 21
+5.1
+7.8
+2.3
+0.4
+0.8
-0.5
-0.5
-1.0
+4.8
-5.4
+2.9
-0.8
+16.0
+15.9

Year
ago
183.9
134.9
145.3
220.5
146.9
136.5
157.3

Indexes are based on ingredient costs using standard formulas. Additional details appear on
the Ingredient Week Trends page on a rotating basis.

August 12,

on
Trade focuses

May 5
K.C. bulk midds
44.00
Soybean meal, 44%, K.C.
298.90
Soybean meal, 47½%, K.C.
301.90
Cottonseed meal, 41%, Memphis
185.00
Linseed meal, 35%, Minneapolis
290.00
Sunﬂower seed meal, 28%, Minneapolis 147.50
Dehydrated alfalfa, 17%, Alf. Center
210.00
Meat meal, 50%, Kansas City
290.00
Meat meal, 50%, Chicago
280.00
Corn gluten feed, 21%, Southwest
138.50
Corn gluten meal, 60%, Southwest
555.00
Corn gluten feed, 21%, Midwest truck
67.50
Hominy feed, Kansas City (Northwest)
95.00
Hominy feed, Chicago
94.00
Hominy feed, California
176.00
Hominy feed, Central Illinois
48.00
Feather meal, K.C.
400.00
Distillers' dried grain
97.00

- Change from -
Apr. 28
Apr. 21
+2.00
-1.00
+1.10
+7.30
+1.10
+7.30
-10.00
+15.00
-5.00
-
+2.50
-
-
-
-
-
-10.00
-10.00
-
-
-
-10.00
-2.50
-7.50
-
-5.00
-
+1.00
-
+1.00
-
+1.00
-
+2.50
-3.00
-3.00

Year
ago
52.00
334.80
337.80
225.00
265.00
117.50
240.00
315.00
310.00
128.50
510.00
67.50
90.00
96.00
179.00
51.00
395.00
146.00

- Change from -
Apr. 28 Apr. 21

Year
ago

Energy
Diesel fuel
Retail, on-highway, $ per gallon
East coast
Midwest
Gulf coast
Rocky Mountain
West coast
U.S. average
Natural gas
Spot prices, $ per million BTU's
Henry hub
New York
Chicago
California average
Crude oil
Spot prices, $ per barrel
West Texas Intermediate
C.B.O.T. ethanol
Nearby contract, $ per gallon

May 5
2.624
2.516
2.435
2.666
2.864
2.583

-0.008
-0.014
-0.023
+0.004
-0.011
-0.012

-0.007
-0.020
-0.023
+0.014
-0.013
+0.004

2.306
2.232
2.137
2.255
2.481
2.266

3.09
2.85
2.94
2.96

+0.07
+0.29
+0.01
+0.04

-0.03
-0.20
-0.02
-0.06

1.99
2.13
1.96
2.03

48.83

-0.07

-3.79

44.75

-0.124

-0.152

1.468

1.515

Energy Information Administration

2015

to
s-to-use ratio
the stock for next year,
boosting
16 by 8%,
August 12, 2015
and to 14.6% prescribed in
this year
sweetener
15.1% for the 13.5% minimum ment. The
U.S. and global
e
n agree
prices from
both abov
news, data and Company
ico suspensiodue to increased doU.S.-Mex
ing
were
the
beet harSosland Publish
this year
alf July
- Unic
from early ly from
changes for
BRAZIL
n (mostly
n, said last-htonnes for all of
most
uctio
iatio
ar
ZĞƉŽƌƚ.com
DE
year
assoc
on
See ^ǁĞĞƚĞŶĞƌ er market
mestic prod rts, and for next
producindustry
5.58 milli
Mexico sug .A. in its Aug. 12andWAS
weeks last
ending
n totaled
and impo stocks and domestic uction
for daily sweeten
same two
uctio
il
vest)
the
use
prod
he U.S.D
Braz
news
estic
ning
rts. Prod
year
24.7% from uction for all of the
commentary and
only dom
higher begin t increase in impo to new 2015
ico for this
Brazil, up
prod
adjusted
due
a sligh
asts for Mex d 4% for both
on-to-date es, down 10.8% from the
tion with
ted mostly
year. Seas
stocks forec
asts.
ut in
on tonn
were adjus
use was raise by 18.5% for
uction forec anged for
ed 27 milli year. Ethanol outp
prices
numbers
prod
Domestic
cut
total
sugar
37.1%
cane
up
were
next.
cane
s
n,
unch
and
and
d last
il was
d beet and
Productio
asts were
Ͳ
sugar beet
ending stock
same perio
all of Braz te 11
ut was
U.S. bulk refine
ͲChangefrom
r use forec
years, while 31.5% for next year.d.
weeks for Volum
4, Issue outp s for
e to-da
U.S. suga
-16.
Nearby
yearyearago
and
latest two
unchange
weekago
-15 and 2015
this year
earlier, while the latest two week
&͘Ž͘ď͘ƉůĂŶƚ͕
-16 are
August12
both 2014
exports were
Ratings in
but
from a year
in
said.
ago,
s for 2015
Ğƌůď͘
Ͳϰ͘ϬϬ
crush
offices
U.S.
year
16
imports and
stock
a
ĐĞŶƚƐƉ
Cane
ͲϬ͘ϱϬ
use A. field
to
190,6
U.S.D.
sugbeginning
ly and
up 2.6%.
37.4% from
er, state
6 r supp
ged at 85% good
ƚ ϯϯ͘ϬϬͲϯϱ͘ϬϬ
ͲͲ
rd
tonnes, down
"Mexico
2015-1
0.36%. The
unchan
il was up
. suga
forD.A
werefrom
2014-15.
Ͳϭ͘ϬϬ
DŝĚǁĞƐƚďĞĞ
poor;
sota and
U.S.
all of Braz
was downooking
at 836,775 because of an upwa
southtic sugar
poor to very
keydomes
ϯϴ͘ϬϬͲϰϮ͘ϬϬ
in the ChanMinne

Ͳϭ͘ϬϬ
tion
in thes of
date crush crushed
estimated
ges from July
fair and 5%From
a
ͲϬ͘ϱϬ
WĂĐŝĮĐďĞĞƚη
last month
two continued
season-toart 2016
for consump
excellent, 10%Aug. From
excellent (81%
WASDE.
ϯϲ͘ϬϬ
lates
to
calend
of cane
ed
12remain
eries
ϯϰ͘ϬϬͲ
and
the
good
mix
Aug.
said.
tonnes from
l
deliv
in
14-15
82%
From
ŽƵŶƚ͘
July
Aug.
U.S.D.A.
ĂŶĞΎ
ar/ethano n was 44%/56%
/59%y activity tons
and 2% poor
North Dakota
of 2014-15
ŝƚŚϮйĐĂƐŚĚŝƐĐ
15-16 fair (17%)
41%Nearb
week.
77
es," the
past was
й͕ƉůƵƐϳ͘ϲĐǁ
estimate
1,000d needs 14-15 July
,
covere
), 16% + 92 + 11
year) and mostyear)
central regio
Ύ^ƉŽƚƌĂǁƉůƵƐϳ
million tonn are increased by 192,4per
. having In
week earlier
1,821
to excellent (80%)
/54% lastslow with
last users
ted there 1,810
to 4.441
ed
-16
Raw value
an 85% good
35 + 186 to very poor
traders
(44%/56% ago. Some
weeks (46%
po- sugges
s for 2015
It is assum
(2%);+ Michig
ηĞůŝǀĞƌĞĚ͘
8,800 + 4% +poor
155
54
n-to-date some timeniza
tion com the market
withs the 8,614
futures
"Deliverie
and anged
on tonnes.
Begin. Stock
(14%)
nt (32%),
r Orga of weakn
for the seaso
#11 raw sugar
ess in
4.501 milli umption is unch
4,980
11% +fair
31
45 Wyom
ional Suga
U.S. #16 and
supplies 4,825
ing 3527% +excelle
hint11.50c a lb, downrto nearby
tonnes to
Production
tion of
was11a was
tener cons
consump
3,820 +
The Internat on Aug.
suga
(6%); +and
(10%).
t adding
9
harvesraw
- 113
Beet
beet sman
capita swee at 49.4 kg and that
and 10%
+ 5 fair
price
early
lb.
3,789 good
from a
as estimated
3,369
-15
site sugar
The King
63% + 38 (58%)
Nearby, cents per
few weeks.
- 125slipped
. Brazilian
Cane
h Sept. 3,482
cane- ratings
Aug. 4. over
from 2014 corn syrup is the samedry weight)."
thec next
lb f.o.b
throug
sugar
a
ions
from
na
prices
1,491
condit
Louisia
0.37c
8
- 110dry
11 was 10.34
hot
on tonnes,
- and
Impo
refined beet sugar
high-fructose
33crtsto 35c a 1,616 +earlier due
Bulk
nt Ϯϳ
to
315to
s.
(1.420 milli
Aug. 11.
price on Aug.
.
week
Ϯϲ
sourceslightly
good to excelle
d down
T.R.Q
1 +122
0.26c from were adjuste
for 2014-15
425 + 25 of the
crop -rated
cane sugar
and private
1,548
and 6% Ϯϱ
- Mexico
ports, down newswires,30web sitesMidwest with bulk refined
r Prog.
with 63%
Othe
Ϯϰ
5 fair -(29%)
ly and use
f.o.b. One 1,426 a week earlier
from
15 ), +31%
lb f.o.b.
-15.
Ϯϯ
Compiled
. sugar supp
co
+ 84
(66%
s d to 34c to 36c aoutlbMexi
15 + 5 poor (5%).
U.S.D.A
and from 2014
new
adjuste
0 +132
of old crop
ryprices
in ϮϮ
#11
ges from July
was sold High Tier sup92 13,99
#16
poor to+ very
Ϯϭ
sorast
its -initial stages
it forec
From
proces
DE. Chan
defic
13,906
Top industs 2015
crop
200 t was in 125
-16beet
major
to be ϮϬ
have new
Aug. From
Aug. 12 WAS
Sugar -beet harves
ed dtoits
raise
Ttl Supplysors
raise
- + t expected
expect
ϭϵ
200
n Pool
Aug. From 15-16 July 14-15
proces
Greewas
with 0early harves
sugar
12,01
Green Pool
st but
mil- other
areas,
ϭϴ
125
rts
while
4.6
+
6
analy
,
+
several
d
to
Expo
July
5
week.
shortly
ast
as
base
le

11,88
well
14-15
availab
it forec
11,875 t by next
y to sell aseries
ply
Australia837 -190
- report, the ϭϳ
t
- in earnes
r defic
sugar
+ 15
ϭϲ
under
Deliv
cropiousl
0 way
tion
es prev
Actual weigh
the 11,75
Produc
some
global sugastillmilli
831
tonnold
135
before
Crop
had
on
t
-16
le
il
ϭϱ
s
6,000
Augus
125
availab
2015
Braz
produc
+
In its
Food
- sugar beet
n in ing
135
Begin. Stock
ϭϰ
0
uctiobecom
U.S.
supply
es from 2.8
5,985
12,21
t 2015
155
r prod
new crop
41 from 2014.
-9%
lion tonn
land.
(Sept. 30).
ϭϯ
21
Other
5 A. -forecas
year
Thai
U.S.D.
ing
+132
ns of loweof the
Production
12,08
up
and
-190 +
for
a
155
market
ctatio
tons,
1,780
ϭϮ
sugar
,000
6,992
end ut), Chin
- 0.5
92
on expe
Total Use
- 35
00 acres, ϭϭ
tic beet and cane
tion at+ 34,211
1,821
Imports
ethanol outpPricing
of domes
6,971
carryover
14.6% +1.1 t at 1,144,0
indicateds
ly
1,335
(increased
+ 61
ted area was forecasstill below last year's ϭϬ
Ending Stock
2015, 2016calendDE
raisedalso was
2016
Total Supp
Harves+0.8
15.1%
1,370
se
st and
raises U.S.2015-1
6 and WAS ar
4,825 +193
- Midwe
from June
4 but
+ 26
Stocks-to-u
U.S.D.A.
lb f.o.b.
its Aug. 12
t at a record
Exports
up slightly
fora2015
35c
4,764 +190
.A. in mostly
frome 201
33c toand
at 5.3%
6,160 +193
coast. Some down 4%Averag
yield was forecas
Use
-4
rs
The U.S.D
-15 by
trade
Domestic
cast level.
ed on the West fore
2014.
6,134 +190
s for 2014
833 - 383
9% efrom ose,
upSom
crop
may be availa36c to 38c deliver
acre,et.
- 0.1
anmark
corn es
ending stock
Total Use
tener
dextr was forecast at
s prices
-6.9
837 - 190 13.5%
large5 volum
sweetons
; 201
ding tion
sorsrican29.9
s
s sugges
monted
proces
produc
raw sugar future
0.3
broker
h Ame
ted
- 3.7
someNort
caneinclu
a cwt.
5 com
Ending Stock
products,
mͲ
while
- 9.0 up $1
#16 Domestic
13.6%
2014. Harves
to 6%
fromprice
33c a lb,
the tight
from 201
ͲChangefro
l)
17.3%
flat up
s for drySugar
of the
to
end
below
(tota
was
ease
offer
red
4.9
top
ble
tons,

ved
the
eeks
S-T-U
s refer sales at
recei ,000 le of years, and0 acres, up 3% from
17.6%
price incr
letter
to find 2016
weekĮvew
.)
to make
offer he 32,146

t ofansugar
at 894,70ucts.
s at a ued
difficult
a coup
amoun
ated
$4.50 a cwt
forecastwet
S-T-U (dom
August12 one
leastwas
prod was forecast at 35.9
ed the
sweetener contin foundItitappear

er indic
ͲϬ͘Ϯϱ
of e yield
$3.50 to
tight for atareathan those
2016 corn levels, at least
ĞŶƚƐƉĞƌůď͘
one brok
Ϭ͘ϬϬ
beenamong
widely
price range.
Averagunav
eteners:
ailable. 2014.
er
varied
d
although
Ϯϰ͘ϱϬ
s in offering
lies have
year
,
next ose
angreatlast year.
supp
Corn Swe
were
ͲϬ͘Ϯϲ
from
to be
for dextr
2015
ton
ďĞƌ
ucts
unanimou from 2015 contracte 15% from 2015
0.9
Julyedwas
for
ar
up
tend
booked
gh
EŽǀĞŵ
prod
Ϭ͘ϬϬ
and
rt
acre,
appe
Dry
have
althou
per
repo
,
Supply
t
tener
tons production
ltural
Ϯϰ͘ϲϮ
and buyers
increase
Agricu

in the past
orn refiners
te to abou
d 2014
did not sors
ͲϬ͘ϭϲ
s of corn swee ed corn
t Worldrecor
increases lies
:ĂŶƵĂƌǇϮϬϭϲ
ͲϬ͘Ϭϭ
$4.50 a cwt The increases equa uct and region. It s, proces
In its Augus
. and offer surve
U.S.D.A. forefrom thereport,
y-bass
and trading
the
the
month
4%
Ϯϰ͘ϲϰ
$3.50 to
supp
st.
from
source
level
prod
down
tes bu
ͲϬ͘Ϭϯ
Spot
ing
slow,
Augu
active
its first
tener
d Estima
on bus,
DĂƌĐŚ
Ϭ͘ϬϬ
down 2.22014-1expe
.A. inwere
Demanacre,
Mexico
cta-sugar ending
n andImports The
6 milli
through late ific corn swee ract at the initial offer
fromU.S.D
ges,
Ϯϰ͘ϴϬ
13,68
ine trade 5 U.S.
shorta
at car
bus an
negotiatio tight
of
ͲϬ͘ϯϬ
boost
box
crop
for
of
ratio
the spec buyers to cont
5.3%
168.8
abov
s
a
at
U.S.
on
nation
cast
DĂǇ
to-use
ͲϬ͘Ϭϱ
room
g
s
es price
stocksa combi
ast the
asts werean corn
forec
seeing
futur
this year' said, citing
Ϯϰ͘ϴϬ
dependin was a rush by
forec
lackastof need
wasthe
ͲϬ͘ϯϬ
um reand ast, ending
yieldand
uction forec
with some
ared
based on
prices
stocks
prodship:ƵůǇ
ͲϬ͘Ϭϱ
Average
andslow
stocks forec above the 13.5% minim
appear there trade were mixed lock in supply now customers, it appe higher
crop. esired
yield
Ϯϰ͘ϴϬ
time,
ending 15.1%
to sion agree(well
said -than-d
d. The
same
ͲϬ͘ϭϮ
ing
ld
est.
er corn
harv
At the
suspen
high
^ĞƉƚĞŵďĞƌ
Ϭ͘Ϭϴ
exicogood
cases.recor
one broker in some 2014
ideas in theesting buyers shou restricted to exist
on the
felttrend
rated 70%
U.S.-M
with ato
be to
lower into bysthe
Ϯϰ͘ϵϴ
ly
ed, which
below ts there will
continued
tly sugges
quired
, and along
r state was juste sligh
n majo
Mexico
others sugg initial offers most offers may be limit waited too long. ments
tions
expectedon Mexica
EŽǀĞŵďĞƌ
ed from
were
increas further
and
s and
in the 18 ment)
. The
to depend crop
s prices
ged and
tends
mers offer coast,
ly if they
two week
to tariff-rate import
supply. With to get competitive
which
doughesstage
sugar future
s to custo corn syrup
s.
9, the corn
previous gno
mitted supp
nalinincreas
West plun
ties
, 50%
region
additio
mͲ
#11 World raw
As of Aug.
be stage
from the9 were
most other
opportuni buyers without com major refiners in letter
ͲChangefro
table on Page 2.)
angeasd of
for the
high-fructoseof the three
(Seedate.
Aug. 96% in silkin avera
gesyear.
supply more than
, unch

llent
Įveweeks
ratingsThe
ear this
crop was earlicould leave day, at least three increase and 42%
quotas
exce
Two
crop
eek
five-y
s.
se
beet

year and
yeartoago.
than a week
racted level listed liquid glucoSugar 71% aged
1
August12 onew
As of Mon
$4.50 a cwt
Ͳϭ͘ϳϳ
higher

ly near last
rose ar low
2015 cont
syrup at a
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ĞŶƚƐƉĞƌůď͘
7-ye

dented, most
to
ϭϬ͘ϱϰ
regular corna cwt increase from cwt increase. One a cwt. Prices were mostly
9%
2014
ay
Ͳϭ͘ϳϵ
Tuesd
ĞƌϮϬϭϱ
a
of the
p1 ober dips 2015 y and again briefly
ͲϬ͘Ϯϳ
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rbysyru
at a $3.50 HFCS at a $4.50 at increases of $3.50 the refiner. Two
ϯϰͲϯϳ
re KĐƚŽď
ϭϭ͘ϳϰ
Nea
lar corn
a lb Monda
Ͳϭ͘ϲϰ
futu1res:Regu
both days. Pressu t DĂƌĐŚϮϬϭϲ
ϯϳͲϯϵthat level ϯϯͲϯϲ
2014 low of 10.37c above
ͲϬ͘ϭϵ
offered 55% d dextrose syrup 28, depending on
Sugar
S list price futures201
5 hit a 7-year
ϭϭ͘ϵϯ
prices
s cane harves
liqui
ct settled ϯϲͲϯϴ
Aug.
Ͳϭ͘ϱϯ
East
55% HFC aw sugar
1
d in Brazil'

the contra
ϯϱͲϯϴ
syrup and
ghϮϱ͘Ϯϱ
reboun
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2014
a
o.25c
est
Aug. 21 or
to
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r
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with

s,
er,
0.05c

Midw
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S
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2015
Ͳϭ͘ϰϲ
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through
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1
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h world raws were
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ample
about reduce
2014
rnsƐ͕
week
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ued to stem
theSout
ϭϮ͘Ϯϳ
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For
5
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uting.
201
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S
͕ǁĞƚ
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6

Ϯϳ͘ϳϱ of July contrib
HFC
West1.30c to ĞŶƚƐƉĞƌůď
KĐƚŽďĞƌ
ͲϬ͘ϭϬ
Ϯϭ͘Ϯϱ
͘ 2015-1

a larger
half
Ϯϵ͘ϱϬ were down about
2014
t ofĞŝŐŚƚ
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ƌĞĚ͕Đforecas
d,
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during the last
Ͳϭ͘ϯϭ

Ϯϳ͘ϱϬpast
weeks
ϭʹ
private
ƌŽƐĞ͕ĚƌǇǁ in India and Thailan
aĞůŝǀĞ
2015
ϮϬϭϳ
five ϯϬ͘ϱϬ
and
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the
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lly
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for
ofϮϵ͘ϳϱ Ğ
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a lb, and Ϯϳ͘ϬϬdue to the effects
Ϯϱ͘ϱϬ
large stocks, especia
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Ϯϯ͘ϬϬ
production
ϯϭ͘ϳϱadowe
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domes
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50
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shing Comp
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ETENER
to 25c a lb.
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nerReport is
to 0.10c SWE
on
Ϯϰ͘ϱϬ
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Sosland Sweete with access to daily updates
ϭϵЪ
t ϮϬдͲ
The
India
Septem
ϭϳЪͲ
heas
with
e,

the
recent
Sout
futures
ributi
sdays
Ϯϱ͘ϳϱ
against
g in their
market coverag
ϮϬͲϮϭ
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year on Wedne
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The in-depth
enerally holdin
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al
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ts
ol
onal marke
Internati a, Brazil's sugar and ethan
sugar

r:
U.S. cash suga

$ per ton

2015-16

Proprietary domestic sugar and sweetener prices
Better manage your sales and procurement needs

Ϭϲͬϭϳͬϭϱ
ϬϱͬϮϬͬϭϱ

ϬϴͬϭϮͬϭϱ
Ϭϳͬϭϱͬϭϱ

ϭϮͬϯϭͬϭϰ

ϬϮͬϮϱͬϭϱ
ϬϭͬϮϴͬϭϱ

ϬϰͬϮϮͬϭϱ
ϬϯͬϮϱͬϭϱ

Ϭϴͬϭϯͬϭϰ

ϭϬͬϬϴͬϭϰ
ϬϵͬϭϬͬϭϰ

48 / May 9, 2017 XMilling & Baking News

ϭϮͬϬϯͬϭϰ
ϭϭͬϬϱͬϭϰ

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Milling & Baking News - May 9, 2017

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