Milling & Baking News - June 16, 2020 - 52

Ingredient Week

Sweeteners

Beet and cane sugar
f.o.b. plant, cents per lb
- Change from -
2019-20
June 12
June 5 May 29
Midwest beet
44.00 (N) -
-
Pacific beet*
NA
...
...
Northeast cane**
46.00
-
-

Year
ago
35.00
41.00
37.00

*Delivered **Spot raw plus 7% plus 17.3¢ with 2% cash discount. N = Nominal

Raw cane
Delivered refiner, cents per lb
- Change from -
June 12 June 5 May 29
Nearby
25.96
-.19
+.11
July-September
25.96
-.07
+.08
October-December 26.32
+.21
+.22
January-March
26.65
-.03
-.03
April-June
26.65
-.05
-.05
July-September
26.80
-
-.05

Year
ago
26.55
26.55
26.25
26.15
26.25
26.27

I.C.E. No. 11 raw sugar futures
cents per lb
16.00
15.00
14.00
13.00
12.00
11.00
10.00
9.00
J

S

D

M

The US Department of Agriculture,
in its June 11 World Agricultural Supply
and Demand Estimates report, raised
the 2020 sugar carryover forecast by 28%
from May, which should help ease the
supply tightness in the market.
The carryover on Oct. 1 was forecast at
1,632,000 tons, raw value, up 359,000 tons
from May, boosting the ending stocks-touse ratio to 13.4% from 10.4%, near the
minimum target of 13.5% but below 14.5%
last year. The increase was the result of
higher imports from Mexico, forecast at
1,255,000 tons, up 204,479 tons from May;
higher tier-two imports, forecast at 230,000
tons, up 80,000 tons; and lower domestic
deliveries for food, forecast at 12,050,000
tons, down 75,000 tons, attributed to "initial analysis of the effects of pandemic
lockdowns on the demand for sugar."
Deliveries of bulk refined sugar in April
declined sharply, according to the USDA's
latest Sugar Market Data report. Beet sugar deliveries for human use were down
20% from March and down 28% from
April 2019. Refined cane sugar deliveries
were down 24% from March and down
1.2% from April 2019. However, deliveries
of imported sugar by non-reporters were

Sweeteners
Delivered basis, cents per lb
42% HFCS spot price1
Midwest
Northeast
Southeast
Southwest
West

June 12
Year ago
25½@ 26
25@ 25¾
27@ 27½ 26½@ 27¼
27¼@ 27¾ 26¾@ 27½
26¾@ 27¼ 26¼@ 27
27½@ 28¾ 27@ 28¾

55% HFCS spot price1
Midwest
Northeast
Southeast
Southwest
West

June 12
32¾@ 33¾
34¼@ 35¼
34¼@ 35¼
34@ 35
34¾@ 35¾

Year ago
31¾@ 32¼
33¼@ 33¾
33¼@ 33¾
33@ 33½
33¾@ 35¼

Regular
corn
syrup3
37.25
39.50
39.50
40.50
41.50

Dextrose
East
42.00@42.50
Midwest 41.00@41.50
West
44.00@44.50
South
43.00@43.50

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

record high for any month. Total deliveries
for food use in April were up 0.9% from
April 2019, with October-April deliveries
up 2.5% from the same period last year.
The sharp decline in beet sugar deliveries was expected as force majeures by
two major beet sellers were in full effect
in April. The drop in cane sugar deliveries was a bit of a surprise, likely reflecting
the impact of the coronavirus on demand.
October-April sugar deliveries to retail
grocers were up 11% from the same period a year ago, while deliveries to foodservice were down 5%, the USDA said.
Traders said May beet sugar deliveries also were light, with some noting a
pickup in late May and early June from
the foodservice sector. 
Spot through December bulk refined
cane sugar was offered steady at 46¢ a lb
f.o.b. by one major refiner with capacity
available. Beet sugar offers were lacking.
Bulk refined sugar prices for next year
were unchanged. Beet sugar for September through all of the 2020-21 marketing
year was offered at 36.5¢ a lb f.o.b. Midwest by multiple processors, although
offer periods varied within that range of
dates. Beet sugar was offered at 38.5¢ a
lb f.o.b. in Michigan. Bulk refined cane
sugar was offered by two refiners at 38¢
to 40¢ a lb f.o.b. Gulf and Southeast. One
refiner continued to offer cane sugar at
41¢ a lb f.o.b. for calendar 2021.
Sugar beet crop condition ratings
mostly were above year-ago levels as of
June 7, the USDA said. Louisiana's sugar
cane crop was rated 71% good to excellent, down slightly from a week earlier
but well above the prior two years.
The corn sweetener market was quiet
amid indications of reduced demand. MBN

Honey is the perfect ingredient.
A familiar flavor that delivers sweetness, tartness and depth.
A functional ingredient that can inhibit mold and improve mouthfeel.
A clean label marketing tool that offers indulgence and a welcoming familiarity.
Find the Pure Inspiration of honey in your baking and snack food
new product developments.

52 / June 16, 2020

Milling & Baking News

bakingbusiness.com / world-grain.com


http://honey.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
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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
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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
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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
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