Milling & Baking News - June 16, 2020 - 36

WEBINAR 2020

©NEW AFRICA - STOCK.ADOBE.COM

Craig Ruffolo sees strong sugar
prices emerging in 2020-21

36 / June 16, 2020

Milling & Baking News

the USDA were stronger than expected
in March, at least in part due to hoarding
by consumers. If that strong demand
persists, sugar sellers will "stay adamant
about current price levels," he said, noting very low beet sugar inventories.
However, Mr. Ruffolo expects a 50,000to 100,000-ton reduction in sugar deliveries between May and the end of

for 2020-21 as of June 1, but he expected
activity to increase in the next 30 days.
When asked if 2020-21 beet sugar prices may return to last year's levels in the
33.50¢ to 34¢ a lb range, Mr. Ruffolo said
it's possible but "not probable" as "everything" would have to fall into place.
For corn sweeteners, he forecast 2021
prices for bulk wet 42% high-fructose

US sugar production
10

Total production

9

million short tons raw value

Beet sugar

Cane sugar

8
7
6
5
4
3
2

Source: McKeany-Flavell Co., Commodity Information and US Department of Agriculture

the marketing year (Sept. 30), which
will help offset the need for additional
imports. The USDA needs to be "very
mindful" of a potential decline in deliveries as it manages the import supply, he said.
He noted late planting in North Dakota and adverse weather in Michigan
has made the beet industry cautious in its
pricing. He urged the industry to watch
beet crop progress and condition ratings
for indications of how much new crop
sugar may be available in the current
crop year from early beet harvest. If sufficient new crop supply isn't available
early, there could be concern about availability of sugar in September, he said.
Mr. Ruffolo indicated that there were
not a lot of requests for contracting sugar

2018-19

2017-18

2016-17

2015-16

2014-15

2013-14

2012-13

2011-12

2010-11

2009-10

2008-09

2007-08

2006-07

2005-06

2004-05

2003-04

2002-03

2001-02

2000-01

1999-00

1998-99

1997-98

0

2019-20*

1

1996-97

KANSAS CITY - Bulk refined beet
sugar prices will be 36¢ to 37.5¢ a lb
f.o.b. mill and refined cane prices at
38.5¢ to 41¢ f.o.b. in the 2020-21 marketing year, which begins Oct. 1, said
Craig Ruffolo, vice president and partner of McKeany-Flavell. Mr. Ruffolo
spoke June 1 during the Sosland Publishing Company Purchasing Seminar
webcast.
Mr. Ruffolo sees the potential for corn
sweetener prices to weaken in 2021.
The sugar price forecasts for next year
compare with current spot values of 48¢
to 50¢ a lb f.o.b. for refined cane sugar,
with no offers available for beet sugar, he
said. Sosland Publishing currently quotes
bulk refined cane sugar at 46¢ a lb f.o.b.
from the only refiner actively offering
supply, with beet sugar nominally at 44¢
a lb f.o.b.
In his presentation, Mr. Ruffolo highlighted the events of the past year that reshaped the 2019-20 sugar market and set
up the market for 2020-21. Those events
included a sharp drop in total US sugar
production of about 900,000 tons from
a year earlier, including a drop of more
than 650,000 tons in beet sugar that led to
force majeures by two beet sugar sellers
in November 2019, a weather-reduced
Mexican cane crop that reduced potential
sugar exports to the United States and actions by the US government to increase
US sugar imports.
He noted that the US Department of
Agriculture's May forecast of a 2019-20
sugar ending stocks-to-use ratio of 10.4%
indicated continued tight supplies and
potential for increased imports to boost
supply. The USDA typically targets a
minimum ratio of 13.5% to ensure adequate sugar supply.
Mr. Ruffolo also noted that the coronavirus has resulted in significant uncertainty about sugar demand going
forward. Sugar deliveries as reported by

*2019-20 estimate

corn syrup at $15.50 to $16.50 per cwt,
down from $16.50 to $17.50 in the current year, and prices for 42DE corn syrup
(regular corn syrup or glucose) at $22.50
to $25 per cwt, up from $22 to $24 per cwt
this year.
He said the net cost of corn should
be about 25¢ a bu lower in 2021, which
would give corn refiners "no argument
for higher prices" based on corn costs.
He noted expectations of a large corn
crop and higher co-product (distillers
dried grain) prices due to smaller supplies of co-products as the result of reduced ethanol production. Still, he also
noted that corn refiners have cut HFCS
production capacity over the years to
keep supply and demand balanced. MBN
bakingbusiness.com / world-grain.com


http://STOCK.ADOBE.COM http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - June 16, 2020

Table of Contents for the Digital Edition of Milling & Baking News - June 16, 2020

Milling & Baking News - June 16, 2020 - 1
Milling & Baking News - June 16, 2020 - 1
Milling & Baking News - June 16, 2020 - 2
Milling & Baking News - June 16, 2020 - 3
Milling & Baking News - June 16, 2020 - 4
Milling & Baking News - June 16, 2020 - 5
Milling & Baking News - June 16, 2020 - 6
Milling & Baking News - June 16, 2020 - 7
Milling & Baking News - June 16, 2020 - 8
Milling & Baking News - June 16, 2020 - 9
Milling & Baking News - June 16, 2020 - 10
Milling & Baking News - June 16, 2020 - 11
Milling & Baking News - June 16, 2020 - 12
Milling & Baking News - June 16, 2020 - 13
Milling & Baking News - June 16, 2020 - 14
Milling & Baking News - June 16, 2020 - 15
Milling & Baking News - June 16, 2020 - 16
Milling & Baking News - June 16, 2020 - 17
Milling & Baking News - June 16, 2020 - 18
Milling & Baking News - June 16, 2020 - 19
Milling & Baking News - June 16, 2020 - 20
Milling & Baking News - June 16, 2020 - 21
Milling & Baking News - June 16, 2020 - 22
Milling & Baking News - June 16, 2020 - 23
Milling & Baking News - June 16, 2020 - 24
Milling & Baking News - June 16, 2020 - 25
Milling & Baking News - June 16, 2020 - 26
Milling & Baking News - June 16, 2020 - 27
Milling & Baking News - June 16, 2020 - 28
Milling & Baking News - June 16, 2020 - 29
Milling & Baking News - June 16, 2020 - 30
Milling & Baking News - June 16, 2020 - 31
Milling & Baking News - June 16, 2020 - 32
Milling & Baking News - June 16, 2020 - 33
Milling & Baking News - June 16, 2020 - 34
Milling & Baking News - June 16, 2020 - 35
Milling & Baking News - June 16, 2020 - 36
Milling & Baking News - June 16, 2020 - 37
Milling & Baking News - June 16, 2020 - 38
Milling & Baking News - June 16, 2020 - 39
Milling & Baking News - June 16, 2020 - 40
Milling & Baking News - June 16, 2020 - 41
Milling & Baking News - June 16, 2020 - 42
Milling & Baking News - June 16, 2020 - 43
Milling & Baking News - June 16, 2020 - 44
Milling & Baking News - June 16, 2020 - 45
Milling & Baking News - June 16, 2020 - 46
Milling & Baking News - June 16, 2020 - 47
Milling & Baking News - June 16, 2020 - 48
Milling & Baking News - June 16, 2020 - 49
Milling & Baking News - June 16, 2020 - 50
Milling & Baking News - June 16, 2020 - 51
Milling & Baking News - June 16, 2020 - 52
Milling & Baking News - June 16, 2020 - 53
Milling & Baking News - June 16, 2020 - 54
Milling & Baking News - June 16, 2020 - 55
Milling & Baking News - June 16, 2020 - 56
Milling & Baking News - June 16, 2020 - 57
Milling & Baking News - June 16, 2020 - 58
Milling & Baking News - June 16, 2020 - 59
Milling & Baking News - June 16, 2020 - 60
Milling & Baking News - June 16, 2020 - 61
Milling & Baking News - June 16, 2020 - 62
Milling & Baking News - June 16, 2020 - 63
Milling & Baking News - June 16, 2020 - 64
https://www.nxtbook.com/sosland/mbn/2020_06_30
https://www.nxtbook.com/sosland/mbn/2020_06_16
https://www.nxtbook.com/sosland/mbn/2020_06_02
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
https://www.nxtbook.com/sosland/mbn/2012_10_16
https://www.nxtbook.com/sosland/mbn/2012_10_02
https://www.nxtbook.com/sosland/mbn/2012_09_18
https://www.nxtbook.com/sosland/mbn/2012_09_04
https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
https://www.nxtbook.com/sosland/mbn/2012_07_10
https://www.nxtbook.com/sosland/mbn/2012_06_26
https://www.nxtbook.com/sosland/mbn/2012_06_12
https://www.nxtbook.com/sosland/mbn/2012_05_29
https://www.nxtbook.com/sosland/mbn/2012_05_15
https://www.nxtbook.com/sosland/mbn/2012_05_01
https://www.nxtbook.com/sosland/mbn/2012_04_17
https://www.nxtbook.com/sosland/mbn/2012_04_03
https://www.nxtbook.com/sosland/mbn/2012_03_20
https://www.nxtbook.com/sosland/mbn/2012_03_06
https://www.nxtbook.com/sosland/mbn/2012_02_21
https://www.nxtbook.com/sosland/mbn/2012_02_07
https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
https://www.nxtbook.com/sosland/mbn/2011_11_29
https://www.nxtbook.com/sosland/mbn/2011_11_15
https://www.nxtbook.com/sosland/mbn/2011_11_01
https://www.nxtbook.com/sosland/mbn/2011_10_18
https://www.nxtbook.com/sosland/mbn/2011_10_04
https://www.nxtbook.com/sosland/mbn/2011_09_20
https://www.nxtbook.com/sosland/mbn/2011_09_06
https://www.nxtbook.com/sosland/mbn/2011_08_23
https://www.nxtbook.com/sosland/mbn/2011_08_09
https://www.nxtbook.com/sosland/mbn/2011_07_26
https://www.nxtbook.com/sosland/mbn/2011_07_12
https://www.nxtbook.com/sosland/mbn/2011_06_28
https://www.nxtbook.com/sosland/mbn/2011_06_14
https://www.nxtbook.com/sosland/mbn/2011_05_31
https://www.nxtbook.com/sosland/mbn/2011_05_17
https://www.nxtbook.com/sosland/mbn/2011_05_03
https://www.nxtbook.com/sosland/mbn/2011_04_19
https://www.nxtbook.com/sosland/mbn/2011_04_05
https://www.nxtbook.com/sosland/mbn/2011_03_22
https://www.nxtbook.com/sosland/mbn/2011_03_08
https://www.nxtbook.com/sosland/mbn/2011_02_22
https://www.nxtbook.com/sosland/mbn/2011_02_08
https://www.nxtbook.com/sosland/mbn/2011_01_25
https://www.nxtbook.com/sosland/mbn/2011_01_11
https://www.nxtbook.com/sosland/mbn/2010_12_28
https://www.nxtbook.com/sosland/mbn/2010_12_14
https://www.nxtbook.com/sosland/mbn/2010_11_30
https://www.nxtbook.com/sosland/mbn/2010_11_16
https://www.nxtbook.com/sosland/mbn/2010_11_02
https://www.nxtbook.com/sosland/mbn/2010_10_19
https://www.nxtbook.com/sosland/mbn/2010_10_05
https://www.nxtbook.com/sosland/mbn/2010_09_21
https://www.nxtbook.com/sosland/mbn/2010_09_07
https://www.nxtbook.com/sosland/mbn/2010_08_24
https://www.nxtbook.com/sosland/mbn/2010_08_10
https://www.nxtbook.com/sosland/mbn/2010_07_27
https://www.nxtbook.com/sosland/mbn/2010_07_13
https://www.nxtbook.com/sosland/mbn/2010_06_29
https://www.nxtbook.com/sosland/mbn/2010_06_15
https://www.nxtbook.com/sosland/mbn/2010_06_01
https://www.nxtbook.com/sosland/mbn/2010_05_18
https://www.nxtbook.com/sosland/mbn/2010_05_04
https://www.nxtbook.com/sosland/mbn/2010_04_20
https://www.nxtbook.com/sosland/mbn/2010_04_06
https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
https://www.nxtbook.com/sosland/mbn/2010_02_09
https://www.nxtbook.com/sosland/mbn/2010_01_26
https://www.nxtbook.com/sosland/mbn/2010_01_12
https://www.nxtbook.com/sosland/mbn/2009_12_29
https://www.nxtbook.com/sosland/mbn/2009_12_15
https://www.nxtbook.com/sosland/mbn/2009_12_01
https://www.nxtbook.com/sosland/mbn/2009_11_17
https://www.nxtbook.com/sosland/mbn/2009_11_03
https://www.nxtbook.com/sosland/mbn/2009_10_20
https://www.nxtbook.com/sosland/mbn/2009_10_06
https://www.nxtbook.com/sosland/mbn/2009_09_22
https://www.nxtbook.com/sosland/mbn/2009_09_08
https://www.nxtbook.com/sosland/mbn/2009_08_25
https://www.nxtbook.com/sosland/mbn/2009_08_11
https://www.nxtbook.com/sosland/mbn/2009_07_28
https://www.nxtbook.com/sosland/mbn/2009_07_14
https://www.nxtbook.com/sosland/mbn/2009_06_30
https://www.nxtbook.com/sosland/mbn/2009_06_16
https://www.nxtbook.com/sosland/mbn/2009_06_02
https://www.nxtbook.com/sosland/mbn/2009_05_19
https://www.nxtbook.com/sosland/mbn/2009_05_05
https://www.nxtbook.com/sosland/mbn/2009_04_21
https://www.nxtbook.com/sosland/mbn/2009_04_08
https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
https://www.nxtbook.com/sosland/mbn/2009_02_10
https://www.nxtbook.com/sosland/mbn/2009_01_27
https://www.nxtbook.com/sosland/mbn/2009_01_13
https://www.nxtbook.com/sosland/mbn/2008_12_30
https://www.nxtbook.com/sosland/mbn/2008_12_16
https://www.nxtbook.com/sosland/mbn/2008_12_02
https://www.nxtbook.com/sosland/mbn/2008_11_18
https://www.nxtbook.com/sosland/mbn/2008_11_04
https://www.nxtbook.com/sosland/mbn/2008_10_21
https://www.nxtbook.com/sosland/mbn/2008_10_07
https://www.nxtbook.com/sosland/mbn/2008_09_23
https://www.nxtbook.com/sosland/mbn/2008_09_09
https://www.nxtbook.com/sosland/mbn/2008_08_26
https://www.nxtbook.com/sosland/mbn/2008_08_12
https://www.nxtbook.com/sosland/mbn/2008_07_29
https://www.nxtbook.com/sosland/mbn/2008_07_15
https://www.nxtbook.com/sosland/mbn/2008_07_01
https://www.nxtbook.com/sosland/mbn/2008_06_17
https://www.nxtbook.com/sosland/mbn/2008_06_03
https://www.nxtbook.com/sosland/mbn/2008_05_20
https://www.nxtbook.com/sosland/mbn/2008_05_06
https://www.nxtbook.com/sosland/mbn/2008_04_22
https://www.nxtbook.com/sosland/mbn/2008_04_08
https://www.nxtbook.com/sosland/mbn/2008_04_01
https://www.nxtbook.com/sosland/mbn/2008_03_25
https://www.nxtbook.com/sosland/mbn/2008_03_11
https://www.nxtbook.com/sosland/mbn/2008_02_26
https://www.nxtbook.com/sosland/mbn/2008_02_12
https://www.nxtbook.com/sosland/mbn/2008_01_29
https://www.nxtbook.com/sosland/mbn/2008_01_15
https://www.nxtbook.com/sosland/mbn/2008_01_01
https://www.nxtbook.com/sosland/mbn/2007_12_18
https://www.nxtbook.com/sosland/mbn/2007_12_04
https://www.nxtbook.com/sosland/mbn/2007_11_20
https://www.nxtbook.com/sosland/mbn/2007_11_06
https://www.nxtbook.com/sosland/mbn/2007_10_23
https://www.nxtbook.com/sosland/mbn/2007_10_09
https://www.nxtbook.com/sosland/mbn/2007_09_25
https://www.nxtbook.com/sosland/mbn/2007_09_11
https://www.nxtbook.com/sosland/mbn/2007_08_28
https://www.nxtbook.com/sosland/mbn/2007_08_14
https://www.nxtbook.com/sosland/mbn/2007_07_31
https://www.nxtbook.com/sosland/mbn/2007_07_17
https://www.nxtbook.com/sosland/mbn/2007_07_03
https://www.nxtbook.com/sosland/mbn/2007_06_19
https://www.nxtbook.com/sosland/mbn/2007_06_05
https://www.nxtbook.com/sosland/mbn/2007_05_23
https://www.nxtbook.com/sosland/mbn/2007_05_22
https://www.nxtbook.com/sosland/mbn/2007_05_08
https://www.nxtbook.com/sosland/mbn/2007_04_24
https://www.nxtbook.com/sosland/mbn/2007_04_10
https://www.nxtbook.com/sosland/mbn/2007_03_27
https://www.nxtbook.com/sosland/mbn/2007_03_13
https://www.nxtbook.com/sosland/mbn/2007_02_27
https://www.nxtbook.com/sosland/mbn/2007_02_13
https://www.nxtbook.com/sosland/mbn/2007_01_30
https://www.nxtbook.com/sosland/mbn/2007_01_16
https://www.nxtbook.com/sosland/mbn/2007_01_02
https://www.nxtbook.com/sosland/mbn/2006_12_19
https://www.nxtbook.com/sosland/mbn/2006_12_05
https://www.nxtbook.com/sosland/mbn/2006_11_21
https://www.nxtbook.com/sosland/mbn/2006_11_07
https://www.nxtbook.com/sosland/mbn/2006_10_24
https://www.nxtbook.com/sosland/mbn/2006_10_10
https://www.nxtbook.com/sosland/mbn/2006_09_26
https://www.nxtbook.com/sosland/mbn/2006_09_12
https://www.nxtbook.com/sosland/mbn/2006_08_29
https://www.nxtbook.com/sosland/mbn/2006_08_15
https://www.nxtbook.com/sosland/mbn/2006_08_01
https://www.nxtbook.com/sosland/mbn/2006_07_18
https://www.nxtbook.com/sosland/mbn/2006_07_04
https://www.nxtbook.com/sosland/mbn/2006_06_20
https://www.nxtbook.com/sosland/mbn/2006_06_06
https://www.nxtbook.com/sosland/mbn/2006_05_24
https://www.nxtbook.com/sosland/mbn/2006_05_23
https://www.nxtbook.com/sosland/mbn/2006_05_09
https://www.nxtbook.com/sosland/mbn/2006_04_25
https://www.nxtbook.com/sosland/mbn/2006_04_11
https://www.nxtbook.com/sosland/mbn/2006_03_28
https://www.nxtbook.com/sosland/mbn/2006_03_14
https://www.nxtbook.com/sosland/mbn/2006_02_28
https://www.nxtbook.com/sosland/mbn/2006_02_14
https://www.nxtbook.com/sosland/mbn/2006_01_31
https://www.nxtbook.com/sosland/mbn/2006_01_17
https://www.nxtbook.com/sosland/mbn/2006_01_03
https://www.nxtbook.com/sosland/mbn/2005_12_20
https://www.nxtbook.com/sosland/mbn/2005_12_06
https://www.nxtbook.com/sosland/mbn/2005_11_29
https://www.nxtbook.com/sosland/mbn/2005_11_15
https://www.nxtbook.com/sosland/mbn/2005_11_01
https://www.nxtbook.com/sosland/mbn/2005_10_18
https://www.nxtbook.com/sosland/mbn/2005_10_04
https://www.nxtbook.com/sosland/mbn/2005_09_20
https://www.nxtbook.com/sosland/mbn/2005_09_06
https://www.nxtbook.com/sosland/mbn/2005_08_30
https://www.nxtbook.com/sosland/mbn/2005_08_16
https://www.nxtbook.com/sosland/mbn/2005_08_02
https://www.nxtbook.com/sosland/mbn/2005_07_19
https://www.nxtbook.com/sosland/mbn/2005_07_05
https://www.nxtbook.com/sosland/mbn/2005_06_21
https://www.nxtbook.com/sosland/mbn/2005_06_07
https://www.nxtbook.com/sosland/mbn/2005_05_31
https://www.nxtbook.com/sosland/mbn/2005_05_17
https://www.nxtbook.com/sosland/mbn/2005_05_03
https://www.nxtbook.com/sosland/mbn/2005_04_19
https://www.nxtbook.com/sosland/mbn/2005_04_05
https://www.nxtbook.com/sosland/mbn/2005_03_29
https://www.nxtbook.com/sosland/mbn/2005_03_15
https://www.nxtbook.com/sosland/mbn/2005_03_01
https://www.nxtbook.com/sosland/mbn/2005_02_22
https://www.nxtbook.com/sosland/mbn/2005_02_15
https://www.nxtbook.com/sosland/mbn/2005_02_08
https://www.nxtbook.com/sosland/mbn/2005_02_01
https://www.nxtbook.com/sosland/mbn/2005_01_25
https://www.nxtbook.com/sosland/mbn/2005_01_18
https://www.nxtbook.com/sosland/mbn/2005_01_11
https://www.nxtbook.com/sosland/mbn/2005_01_04
https://www.nxtbook.com/sosland/mbn/2004_12_28
https://www.nxtbook.com/sosland/mbn/2004_12_21
https://www.nxtbook.com/sosland/mbn/2004_12_14
https://www.nxtbook.com/sosland/mbn/2004_12_07
https://www.nxtbook.com/sosland/mbn/2004_11_30
https://www.nxtbook.com/sosland/mbn/2004_11_23
https://www.nxtbook.com/sosland/mbn/2004_11_16
https://www.nxtbook.com/sosland/mbn/2004_11_09
https://www.nxtbook.com/sosland/mbn/2004_11_02
https://www.nxtbook.com/sosland/mbn/2004_10_26
https://www.nxtbook.com/sosland/mbn/2004_10_19
https://www.nxtbook.com/sosland/mbn/2004_10_12
https://www.nxtbook.com/sosland/mbn/2004_10_05
https://www.nxtbook.com/sosland/mbn/2004_09_28
https://www.nxtbook.com/sosland/mbn/2004_09_21
https://www.nxtbook.com/sosland/mbn/2004_09_14
https://www.nxtbook.com/sosland/mbn/2004_09_07
https://www.nxtbook.com/sosland/mbn/2004_08_31
https://www.nxtbook.com/sosland/mbn/2004_08_24
https://www.nxtbook.com/sosland/mbn/2004_08_17
https://www.nxtbook.com/sosland/mbn/2004_08_10
https://www.nxtbook.com/sosland/mbn/2004_08_03
https://www.nxtbook.com/sosland/mbn/2004_07_27
https://www.nxtbook.com/sosland/mbn/2004_07_20
https://www.nxtbook.com/sosland/mbn/2004_07_13
https://www.nxtbook.com/sosland/mbn/2004_07_06
https://www.nxtbook.com/sosland/mbn/2004_06_29
https://www.nxtbook.com/sosland/mbn/2004_06_22
https://www.nxtbook.com/sosland/mbn/2004_06_15
https://www.nxtbook.com/sosland/mbn/2004_06_08
https://www.nxtbook.com/sosland/mbn/2004_06_01
https://www.nxtbook.com/sosland/mbn/2004_05_25
https://www.nxtbook.com/sosland/mbn/2004_05_18
https://www.nxtbook.com/sosland/mbn/2004_05_11
https://www.nxtbook.com/sosland/mbn/2004_05_04
https://www.nxtbook.com/sosland/mbn/2004_04_27
https://www.nxtbook.com/sosland/mbn/2004_04_20
https://www.nxtbook.com/sosland/mbn/2004_04_13
https://www.nxtbook.com/sosland/mbn/2004_04_06
https://www.nxtbook.com/sosland/mbn/2004_03_30
https://www.nxtbook.com/sosland/mbn/2004_03_23
https://www.nxtbook.com/sosland/mbn/2004_03_16
https://www.nxtbook.com/sosland/mbn/2004_03_09
https://www.nxtbook.com/sosland/mbn/2004_03_02
https://www.nxtbook.com/sosland/mbn/2004_02_24
https://www.nxtbook.com/sosland/mbn/2004_02_17
https://www.nxtbook.com/sosland/mbn/2004_02_07
https://www.nxtbook.com/sosland/mbn/2004_02_03
https://www.nxtbook.com/sosland/mbn/2004_01_27
https://www.nxtbook.com/sosland/mbn/2004_01_20
https://www.nxtbook.com/sosland/mbn/2004_01_13
https://www.nxtbook.com/sosland/mbn/2004_01_06
https://www.nxtbook.com/sosland/mbn/2003_12_30
https://www.nxtbook.com/sosland/mbn/2003_12_23
https://www.nxtbook.com/sosland/mbn/2003_12_16
https://www.nxtbook.com/sosland/mbn/2003_12_09
https://www.nxtbook.com/sosland/mbn/2003_12_02
https://www.nxtbook.com/sosland/mbn/2003_11_25
https://www.nxtbook.com/sosland/mbn/2003_11_18
https://www.nxtbook.com/sosland/mbn/2003_11_11
https://www.nxtbook.com/sosland/mbn/2003_11_04
https://www.nxtbookmedia.com