Milling & Baking News - May 19, 2020 - 33

Ingredient Week

Cash Wheat
HARD WINTER. Premiums on hard
red winter wheat in Kansas City were
14¢ a bu higher to 11¢ lower last week.
The advances were posted across most
of the bottom third of the protein scale
while the declines were scattered across
the top two thirds of the scale.
Spot market activity remained sparse
with mills receiving wheat shipments for
application against May contracts and
many producers engaged in planting
row crops. Elevators and producers also
were disappointed with prices. Some
millers sought to initiate conversations
about additional new-crop coverage but
encountered little interest.
Ideas were lower-protein premiums
may remain on the firm side nearby as
major mills sought to replenish dwindling
stockpiles. Premiums on high-protein
wheat, offers of which recently have been
nearly lacking, weakened partly on lower
bids in response to the recent widening of
the KC-Minneapolis wheat futures spread.
The southern Texas wheat harvest
expanded. US Custom Harvesters, in a
report following initial combining southwest of San Antonio, said wheat was in
various stages of development and only
stressed plants were dry enough to harvest. Below-average yields were reported
at 12 to 13 bus per acre in dryland fields
and 33 to 45 bus per acre in irrigated fields.
The US Department of Agriculture in
its Crop Progress report indicated goodto-excellent ratings for winter wheat as of
May 10 were 38% in Kansas (42% a week
earlier), 56% in Oklahoma (64%), 51% in
Texas (50%), 35% in Colorado (38%), 67%
in Nebraska (67%), 78% in South Dakota
(66%) and 64% in Montana (61%).
A shot of precipitation that provided up
to a half-inch of rain last week plus additional moisture in forecasts pleased growers in "very, very dry areas of northwest

No. 1 hard winter
Basis Kansas City July, cents per bu
May 15 - Change from -
Premium May 8
May 1
Ordinary 85@ 95 +14 @ +14 +14 @ +14
11%
92@ 102 +7 @ +7 +11 @ +11
11.2% 92@ 102 +2 @ +2 +11 @ +11
11.4% 92@ 102 +2 @ +2 +11 @ +11
11.6% 100@ 110
-
+4 @ +4
11.8% 105@ 115 +5 @ +5 +9 @ +9
12%
117@ 127 -8 @ -8 +12 @ +12
12.2% 117@ 127 -8 @ -8 +12 @ +12
12.4% 117@ 127 -8 @ -8
-4 @ -4
12.6% 126@ 136
-
-
12.8% 126@ 136
-
-
13%
135@ 145 -1 @ -1
-1 @ -1
13.2% 135@ 145 -1 @ -1
-1 @ -1
13.4% 135@ 145 -1 @ -1
-1 @ -1
13.6% 135@ 145 -1 @ -1
-1 @ -1
13.8% 140@ 150 -11 @ -11 -11 @ -11
14%
150@ 160 -1 @ -1
-1 @ -1
bakingbusiness.com / world-grain.com

Year
ago
110 @ 120
120 @ 130
124 @ 134
125 @ 135
129 @ 139
133 @ 143
133 @ 143
133 @ 143
133 @ 143
133 @ 143
133 @ 143
139 @ 149
139 @ 149
146 @ 156
146 @ 156
147 @ 157
147 @ 157

Kansas, where it looked like they were going to get half a crop," a merchandiser said.
Wheat groups were planning virtual
wheat tours in Nebraska and Colorado
to coincide with a virtual wheat tour in
Kansas being held May 18-21.
The USDA, in its May Crop Production report, forecast 2020 hard red winter wheat production at 733,409,000 bus,
down 12% from 833,181,000 bus in 2019.
The recent five-year average hard red
winter outturn was 831,602,400 bus.
Salina spot wheat bids were 10¢ under KC July; new crop, 10¢ under July.
Hutchinson spot wheat bids were 10¢
under KC July; new crop, 10¢ under July.
Wichita elevator bids for nearby were 5¢
under KC July; new crop, 5¢ under July.
Gulf bids on 12%-protein hard red winter
wheat for nearby were 128¢ over KC July.
HARD SPRING. Premiums on hard red
spring wheat in Minneapolis advanced
27@50¢ a bu. The spot market remained
on tight rations with producers and country elevators fully engaged in planting the
2020 spring wheat crop and row crops.
Mills were mostly prepared for the
slowdown in country movement, which
typically occurs during spring planting.
But those seeking even minimal supply
to shore up pipelines raised bids sharply.
Spring wheat stocks held at the twin
northern ports of Duluth, Minn., and Superior, Wis., on May 10 totaled 18,902,000
bus, down 182,000 bus from 19,084,000
bus a week earlier.
The USDA indicated 42% of the spring

wheat crop in the six principal states was
seeded by May 10, advancing from 29% a
week earlier and compared with 63% as
the 2015-19 average for the date. Planting was 27% completed in North Dakota
(15% a week earlier, 56% as the average),
75% in South Dakota (60%, 78%), 40% in
Minnesota (21%, 67%), 50% in Montana
(33%, 62%), 92% in Idaho (78%, 83%) and
96% in Washington (92%, 87%).
SOFT RED. Mill bids on soft red winter
wheat remained firm with no significant
retreat expected until the new crop harvest. St. Louis-area bids on soft red winter
wheat through May were 45¢ over Chicago July; June-July, 40¢ over July. Toledo
mill bids through May were the Chicago
July price; June-July, the July price. Elevator bids for nearby were the Chicago July
price; new crop, the July price. The Cincinnati elevator new crop bid was 25¢ over
Chicago July. Michigan white wheat mill
bids were 10¢ over Chicago July, new crop
10¢ over July; soft red wheat mill bids were
the Chicago July price, new crop the July
price. Gulf bids on soft red winter wheat
for nearby were 60¢ over Chicago July.
The USDA in its May Crop Production report forecast 2020 soft red winter
wheat production at 297,527,000 bus, up
24% from 239,166,000 bus in 2019.
The USDA said winter wheat rated
good to excellent on May 10 was 51%
in Missouri (52% a week earlier), 65%
in Illinois (68%), 66% in Indiana (67%),
72% in Ohio (73%) and 59% in Michigan
(51%). MBN

No. 1 hard spring

No. 1 hard winter premiums, 12.2%

Basis Minneapolis July, delivered Chicago\beyond cents
per bu May 15
- Change from -
Year
Premium
May 8
May 1
ago
Ordinary
...
...
...
...
11%
...
...
...
...
12%
...
...
...
...
13%
...
...
...
...
13.5%
...
...
...
...
14%
125
+40
...
...
14.5%
140
+50
...
85
15%
150 @ 165 +27 @ +42 +25 @ +15 100 @ 150
16%
...
...
...
...
17%
...
...
...
...

Exporter bids and offers
For
shipment

May 15
Bid

Offer

No. 1 Hard 12%, Track Gulf
Basis Kansas City future, cents per bu
May
+128 July
138
June
+131 July
141
July
+134 July
144
August
...
No. 2 Soft Red, c.i.f. New Orleans
Basis Chicago future, cents per bu
May
+60 July
65
June
+57 July
62
July
+55 July
62
August
+50 Sep.
60

Year ago
bid

+152 July
+152 July
+152 July
+148 Sep.

+95 July
+80 July
+80 July
+75 Sep.

Basis Kansas City, cents per bu
200
180
160
140
120
100
M

A

N

F

Cash wheat
May 15 - Change from -
For shipment
Bid May 8 May 1
No. 1 Soft White, Track, Portland
$ per bu
May
6.05
+.05
+.05
June
6.22
+.06
+.09
July
6.25
+.05
+.08
No. 1 Hard 11.5%, Track, Portland
Basis Kansas City future, $ per bu
May
1.45
-
+.20
June
1.45
-
+.20
July
1.45
-
+.20
No. 1 Spring 14%, Track, Portland
Basis Minneapolis future, $ per bu
May
1.05
-
-.12
June
1.10
-
-.13
July
1.15
-
-.12
Milling & Baking News

Year
ago
5.72
5.87
5.87
1.80
1.75
1.70
1.00
1.75
1.75

May19, 2020 / 33


http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - May 19, 2020

Table of Contents for the Digital Edition of Milling & Baking News - May 19, 2020

Milling & Baking News - May 19, 2020 - 1
Milling & Baking News - May 19, 2020 - 1
Milling & Baking News - May 19, 2020 - 2
Milling & Baking News - May 19, 2020 - 3
Milling & Baking News - May 19, 2020 - 4
Milling & Baking News - May 19, 2020 - 5
Milling & Baking News - May 19, 2020 - 6
Milling & Baking News - May 19, 2020 - 7
Milling & Baking News - May 19, 2020 - 8
Milling & Baking News - May 19, 2020 - 9
Milling & Baking News - May 19, 2020 - 10
Milling & Baking News - May 19, 2020 - 11
Milling & Baking News - May 19, 2020 - 12
Milling & Baking News - May 19, 2020 - 13
Milling & Baking News - May 19, 2020 - 14
Milling & Baking News - May 19, 2020 - 15
Milling & Baking News - May 19, 2020 - 16
Milling & Baking News - May 19, 2020 - 17
Milling & Baking News - May 19, 2020 - 18
Milling & Baking News - May 19, 2020 - 19
Milling & Baking News - May 19, 2020 - 20
Milling & Baking News - May 19, 2020 - 21
Milling & Baking News - May 19, 2020 - 22
Milling & Baking News - May 19, 2020 - 23
Milling & Baking News - May 19, 2020 - 24
Milling & Baking News - May 19, 2020 - 25
Milling & Baking News - May 19, 2020 - 26
Milling & Baking News - May 19, 2020 - 27
Milling & Baking News - May 19, 2020 - 28
Milling & Baking News - May 19, 2020 - 29
Milling & Baking News - May 19, 2020 - 30
Milling & Baking News - May 19, 2020 - 31
Milling & Baking News - May 19, 2020 - 32
Milling & Baking News - May 19, 2020 - 33
Milling & Baking News - May 19, 2020 - 34
Milling & Baking News - May 19, 2020 - 35
Milling & Baking News - May 19, 2020 - 36
Milling & Baking News - May 19, 2020 - 37
Milling & Baking News - May 19, 2020 - 38
Milling & Baking News - May 19, 2020 - 39
Milling & Baking News - May 19, 2020 - 40
Milling & Baking News - May 19, 2020 - 41
Milling & Baking News - May 19, 2020 - 42
Milling & Baking News - May 19, 2020 - 43
Milling & Baking News - May 19, 2020 - 44
Milling & Baking News - May 19, 2020 - 45
Milling & Baking News - May 19, 2020 - 46
Milling & Baking News - May 19, 2020 - 47
Milling & Baking News - May 19, 2020 - 48
https://www.nxtbook.com/sosland/mbn/2020_05_19
https://www.nxtbook.com/sosland/mbn/2020_05_05
https://www.nxtbook.com/sosland/mbn/2020_04_21
https://www.nxtbook.com/sosland/mbn/2020_04_07
https://www.nxtbook.com/sosland/mbn/2020_03_24
https://www.nxtbook.com/sosland/mbn/2020_03_10
https://www.nxtbook.com/sosland/mbn/2020_02_25
https://www.nxtbook.com/sosland/mbn/2020_02_11
https://www.nxtbook.com/sosland/mbn/2020_01_28
https://www.nxtbook.com/sosland/mbn/2020_01_14
https://www.nxtbook.com/sosland/mbn/2019_12_31
https://www.nxtbook.com/sosland/mbn/2019_12_17
https://www.nxtbook.com/sosland/mbn/2019_12_03
https://www.nxtbook.com/sosland/mbn/2019_11_19
https://www.nxtbook.com/sosland/mbn/2019_11_05
https://www.nxtbook.com/sosland/mbn/2019_10_22
https://www.nxtbook.com/sosland/mbn/2019_10_08
https://www.nxtbook.com/sosland/mbn/2019_09_24
https://www.nxtbook.com/sosland/mbn/2019_09_10
https://www.nxtbook.com/sosland/mbn/2019_08_27
https://www.nxtbook.com/sosland/mbn/2019_08_13
https://www.nxtbook.com/sosland/mbn/2019_07_30
https://www.nxtbook.com/sosland/mbn/2019_07_16
https://www.nxtbook.com/sosland/mbn/2019_07_02
https://www.nxtbook.com/sosland/mbn/2019_06_18
https://www.nxtbook.com/sosland/mbn/2019_06_04
https://www.nxtbook.com/sosland/mbn/2019_05_21
https://www.nxtbook.com/sosland/mbn/2019_05_07
https://www.nxtbook.com/sosland/mbn/2019_04_23
https://www.nxtbook.com/sosland/mbn/2019_04_09
https://www.nxtbook.com/sosland/mbn/2019_03_26
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_03_12
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_02_26
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_02_12
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_29
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_15
http://digitalmbn.bakingbusiness.com/sosland/mbn/2019_01_01
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_12_18
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_12_04
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_20
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_06
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_23
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_09
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_25
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_11
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_14
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_31
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_17
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_03
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_19
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_05
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_22
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_08
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_24
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_10
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_03_27
https://www.nxtbook.com/sosland/mbn/2018_03_13
https://www.nxtbook.com/sosland/mbn/2018_02_27
https://www.nxtbook.com/sosland/mbn/2018_02_13
https://www.nxtbook.com/sosland/mbn/2018_01_30
https://www.nxtbook.com/sosland/mbn/2018_01_16
https://www.nxtbook.com/sosland/mbn/2018_01_02
https://www.nxtbook.com/sosland/mbn/2017_12_19
https://www.nxtbook.com/sosland/mbn/2017_12_05
https://www.nxtbook.com/sosland/mbn/2017_11_21
https://www.nxtbook.com/sosland/mbn/2017_11_07
https://www.nxtbook.com/sosland/mbn/2017_10_24
https://www.nxtbook.com/sosland/mbn/2017_10_10
https://www.nxtbook.com/sosland/mbn/2017_09_26
https://www.nxtbook.com/sosland/mbn/2017_09_12
https://www.nxtbook.com/sosland/mbn/2017_08_29
https://www.nxtbook.com/sosland/mbn/2017_08_15
https://www.nxtbook.com/sosland/mbn/2017_08_01
https://www.nxtbook.com/sosland/mbn/2017_07_18
https://www.nxtbook.com/sosland/mbn/2017_07_04
https://www.nxtbook.com/sosland/mbn/2017_06_20
https://www.nxtbook.com/sosland/mbn/2017_06_06
https://www.nxtbook.com/sosland/mbn/2017_05_23
https://www.nxtbook.com/sosland/mbn/2017_05_09
https://www.nxtbook.com/sosland/mbn/2017_04_25
https://www.nxtbook.com/sosland/mbn/2017_04_11
https://www.nxtbook.com/sosland/mbn/2017_03_28
https://www.nxtbook.com/sosland/mbn/2017_03_14
https://www.nxtbook.com/sosland/mbn/2017_02_28
https://www.nxtbook.com/sosland/mbn/2017_02_14
https://www.nxtbook.com/sosland/mbn/2017_01_31
https://www.nxtbook.com/sosland/mbn/2017_01_17
https://www.nxtbook.com/sosland/mbn/2017_01_03
https://www.nxtbook.com/sosland/mbn/2016_12_20
https://www.nxtbook.com/sosland/mbn/2016_12_06
https://www.nxtbook.com/sosland/mbn/2016_11_22
https://www.nxtbook.com/sosland/mbn/2016_11_08
https://www.nxtbook.com/sosland/mbn/2016_10_25
https://www.nxtbook.com/sosland/mbn/2016_10_11
https://www.nxtbook.com/sosland/mbn/2016_09_27
https://www.nxtbook.com/sosland/mbn/2016_09_13
https://www.nxtbook.com/sosland/mbn/2016_08_30
https://www.nxtbook.com/sosland/mbn/2016_08_16
https://www.nxtbook.com/sosland/mbn/2016_08_02
https://www.nxtbook.com/sosland/mbn/2016_07_19
https://www.nxtbook.com/sosland/mbn/2016_07_05
https://www.nxtbook.com/sosland/mbn/2016_06_21
https://www.nxtbook.com/sosland/mbn/2016_06_07
https://www.nxtbook.com/sosland/mbn/2016_05_24
https://www.nxtbook.com/sosland/mbn/2016_05_10
https://www.nxtbook.com/sosland/mbn/2016_04_26
https://www.nxtbook.com/sosland/mbn/2016_04_12
https://www.nxtbook.com/sosland/mbn/2016_03_29
https://www.nxtbook.com/sosland/mbn/2016_03_15
https://www.nxtbook.com/sosland/mbn/2016_03_01
https://www.nxtbook.com/sosland/mbn/2016_02_16
https://www.nxtbook.com/sosland/mbn/2016_02_02
https://www.nxtbook.com/sosland/mbn/2016_01_19
https://www.nxtbook.com/sosland/mbn/2016_01_05
https://www.nxtbook.com/sosland/mbn/2015_12_22
https://www.nxtbook.com/sosland/mbn/2015_12_08
https://www.nxtbook.com/sosland/mbn/2015_11_24
https://www.nxtbook.com/sosland/mbn/2015_11_10
https://www.nxtbook.com/sosland/mbn/2015_10_27
https://www.nxtbook.com/sosland/mbn/2015_10_13
https://www.nxtbook.com/sosland/mbn/2015_09_29
https://www.nxtbook.com/sosland/mbn/2015_09_15
https://www.nxtbook.com/sosland/mbn/2015_09_01
https://www.nxtbook.com/sosland/mbn/2015_08_18
https://www.nxtbook.com/sosland/mbn/2015_08_04
https://www.nxtbook.com/sosland/mbn/2015_07_21
https://www.nxtbook.com/sosland/mbn/2015_07_07
https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
https://www.nxtbook.com/sosland/mbn/2015_05_12
https://www.nxtbook.com/sosland/mbn/2015_04_28
https://www.nxtbook.com/sosland/mbn/2015_04_014
https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
https://www.nxtbook.com/sosland/mbn/2015_02_03
https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
https://www.nxtbook.com/sosland/mbn/2014_12_09
https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
https://www.nxtbook.com/sosland/mbn/2014_09_30
https://www.nxtbook.com/sosland/mbn/2014_09_16
https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
https://www.nxtbook.com/sosland/mbn/2014_08_01
https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
https://www.nxtbook.com/sosland/mbn/2014_04_29
https://www.nxtbook.com/sosland/mbn/2014_04_15
https://www.nxtbook.com/sosland/mbn/2014_04_01
https://www.nxtbook.com/sosland/mbn/2014_03_18
https://www.nxtbook.com/sosland/mbn/2014_03_04
https://www.nxtbook.com/sosland/mbn/2014_02_18
https://www.nxtbook.com/sosland/mbn/2014_02_04
https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
https://www.nxtbook.com/sosland/mbn/2013_11_12
https://www.nxtbook.com/sosland/mbn/2013_10_29
https://www.nxtbook.com/sosland/mbn/2013_10_15
https://www.nxtbook.com/sosland/mbn/2013_10_01
https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
https://www.nxtbook.com/sosland/mbn/2013_08-06
https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
https://www.nxtbook.com/sosland/mbn/2013_06_25
https://www.nxtbook.com/sosland/mbn/2013_06_11
https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
https://www.nxtbook.com/sosland/mbn/2013_04_30
https://www.nxtbook.com/sosland/mbn/2013_04_16
https://www.nxtbook.com/sosland/mbn/2013_04_02
https://www.nxtbook.com/sosland/mbn/2013_03_19
https://www.nxtbook.com/sosland/mbn/2013_03_05
https://www.nxtbook.com/sosland/mbn/2013_02_19
https://www.nxtbook.com/sosland/mbn/2013_02_05
https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
https://www.nxtbook.com/sosland/mbn/2012_11_13
https://www.nxtbook.com/sosland/mbn/2012_10_30
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