Milling & Baking News - July 28, 2020 - 33

Ingredient Week

Cash Wheat
HARD WINTER. Premiums on hard red
winter wheat in Kansas City were unchanged to 21¢ a bu higher last week. The
abrupt turnaround from the downtrend
seen the previous few weeks for most of
the protein scale signaled an end to harvest
pressure as initial producer new crop sales
and elevator wheat loadings beyond cars to
be applied against contracts subsided.
Mills were able to add to August-September wheat coverage, but otherwise,
business in to-arrive wheat was light.
"The bid-and-offer spread is so wide,
we'll just have to see what the spot market does for a few days before anyone
is encouraged to offer significant volumes," a veteran grain trader said.
Also contributing to the slow pace of
forward sales were relatively wide carrying charges in KC wheat futures, which
encouraged elevators to store and not
aggressively market wheat.
Railroad performance received mixed
reviews. Some sources said rail cars were
not returning to country origins in a timely fashion. At the same time, most agreed
loaded cars were moving swiftly to destinations in sharp contrast to car/locomotive
shortages and high freight prices a year ago.
Plains Grains, Inc., in its weekly harvest summary, said the Kansas harvest
has been completed, and that combining
by July 24 was 99% completed in Colorado, 89% in Nebraska, 81% in Wyoming,
51% in South Dakota and 7% in Montana.
PGI commented, "South Dakota
continues to report exceptionally good
yields, high test weights and high protein, a very unusual combination, having all three high within the same crop."
PGI said it was mainly irrigated fields
that were left to be combined in Nebraska and Wyoming. The harvest also was
expanding in the Pacific Northwest and
was 8% completed in Washington, 19%

No. 1 hard winter
Basis Kansas City Sept., cents per bu
July 24 - Change from -
Premium July 17 July 10
Ordinary 85@ 95
-
+5 @ +5
11%
95@ 105
-
+5 @ +5
11.2% 105@ 115 +5 @ +5 +15 @ +15
11.4% 110@ 120 +10 @ +10 +10 @ +10
11.6% 110@ 120 +10 @ +10 +5 @ +5
11.8% 110@ 120 +10 @ +10
-
12% 126@ 136 +21 @ +21 +16 @ +16
12.2% 126@ 136 +21 @ +21 +11 @ +11
12.4% 126@ 136 +21 @ +21 +11 @ +11
12.6% 126@ 136 +11 @ +11 +6 @ +6
12.8% 126@ 136 +6 @ +6 +1 @ +1
13% 140@ 150 +20 @ +20 +10 @ +10
13.2% 140@ 150 +20 @ +20 +10 @ +10
13.4% 140@ 150 +20 @ +20 +10 @ +10
13.6% 140@ 150 +20 @ +20 +10 @ +10
13.8% 140@ 150 +20 @ +20 +10 @ +10
14% 140@ 150 +20 @ +20 +10 @ +10
bakingbusiness.com / world-grain.com

Year
ago
85@ 95
110@ 120
110@ 120
118@ 128
118@ 128
124@ 134
130@ 140
130@ 140
132@ 142
160@ 170
175@ 185
180@ 190
180@ 190
180@ 190
180@ 190
180@ 190
180@ 190

in Oregon and 9% in Idaho. Washington
was expected to have its fourth-highest
yield on record.
PGI said, based on 284 of an expected
500 samples, 2020 hard red winter wheat
was averaging 61.3 lbs per bu in test
weight (60.8 lbs in 2019), 11.8% in protein (11.3%), 30 grams in thousand kernel weight (33.1 grams) and 369 seconds
in falling number (377 seconds). The
protein average held from the previous
week even with the addition of 21 more
samples. Protein average of the survey's
initial samples had been 11.2%.
Salina spot wheat bids were 10¢ under
KC Sept. Hutchinson spot wheat bids
were 10¢ under KC Sept. Wichita elevator
bids for nearby were 15¢ under KC Sept.
Gulf bids on 12%-protein hard red winter
wheat for nearby were 145¢ over KC Sept.
HARD SPRING. Premiums on hard red
spring wheat in Minneapolis declined
5¢ a bu last week, but only 14%-protein
wheat drew a bid the previous Friday, so
there were no other week-to-week comparisons. Nevertheless, the market undertone has weakened recently because
of increased offers as producers and elevators prepared for harvest.
The USDA said the spring wheat
good-to-excellent condition rating for
the six major states as of July 19 was
68%, the same as a week earlier. Goodto-excellent ratings were 62% in North
Dakota, 63% in South Dakota, 73% in
Minnesota, 79% in Montana, 78% in Idaho and 85% in Washington. Ninety-one

percent of the crop was heading.
The western half of North Dakota remained abnormally dry, but only 7% of
the state's crop was growing in moderate
drought conditions. Recent rain was helpful. The North Dakota Wheat Commission
commented, "Some of the precipitation was
accompanied by strong storms producing
high winds and hail, but widespread damage is not a concern. Producers continue to
monitor fields for disease as pressure has
increased with wetter conditions and are
applying fungicide as needed."
SOFT RED. Mill bids on soft red winter
wheat mostly were unchanged. St. Louisarea bids on soft red winter wheat were
35¢ over Chicago Sept.; Aug.-Sept., 30¢
over Sept. Toledo mill bids were 10¢ over
Chicago Sept.; Aug.-Sept., 10¢ over. Elevator bids were 10¢ over Chicago Sept.
The Cincinnati elevator bid was 8¢ over
Chicago Sept. Michigan white wheat mill
bids were 10@30¢ over Chicago Sept.; soft
red winter wheat mill bids ranged from
10¢ over Chicago Sept. to 25¢ under. Gulf
bids on soft red winter wheat for nearby
were 55¢ over Chicago Sept.
The USDA said the winter wheat harvest by July 19 was 99% completed in
Missouri (95% a week earlier), 94% in Illinois (89%), 96% in Indiana (83%), 95% in
Ohio (85%) and 46% in Michigan (17%).
The first Michigan new crop loads
reached elevators eight days earlier than
in 2019, a Michigan miller said. Yields
were off from recent years, but quality
was good, even excellent is some areas. MBN

No. 1 hard spring

No. 1 hard winter premiums, 12.2%

Basis Minneapolis Sept., delivered Chicago\beyond cents
per bu July 24
- Change from -
Year
Premium
July 17
July 10
ago
Ordinary
...
...
...
...
11%
...
...
...
...
12%
...
...
...
...
13%
...
...
...
95
13.5%
...
...
...
100
14%
85
-5
-25
95
14.5%
...
...
...
90 @ 120
15%
120
...
-5
150
16%
...
...
...
...
17%
...
...
...
...

Exporter bids and offers
For
shipment

July 24
Bid

Offer

No. 1 Hard 12%, Track Gulf
Basis Kansas City future, cents per bu
July
+145 July
155
August
+148 Sep.
158
September
+148 Sep.
158
October
+150 Dec.
160
No. 2 Soft Red, c.i.f. New Orleans
Basis Chicago future, cents per bu
July
+55 July
60
August
+62 Sep.
65
September
+76 Sep.
80
October
+68 Dec.
82

Year ago
bid

+165 July
+155 Sep.
+158 Sep.
+155 Dec.

+50 July
+55 Sep.
+75 Sep.
+75 Dec.

Basis Kansas City, cents per bu
175
155
135
115
95
J

O

J

A

Cash wheat
July 24 - Change from -
For shipment
Bid July 17 July 10
No. 1 Soft White, Track, Portland
$ per bu
July
5.80
-
-
August
5.84
-
-
September
5.90
-
-
No. 1 Hard 11.5%, Track, Portland
Basis Kansas City future, $ per bu
July
1.50
-
-
August
1.50
-
-
September
1.40
-
-
No. 1 Spring 14%, Track, Portland
Basis Minneapolis future, $ per bu
July
0.95
-
-
August
0.95
-
-
September
0.95
-
-
Milling & Baking News

Year
ago
6.20
6.20
6.20
1.25
1.30
1.30
0.75
0.75
0.75

July 28 , 2020 / 33

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

Milling & Baking News - July 28, 2020

Table of Contents for the Digital Edition of Milling & Baking News - July 28, 2020

Milling & Baking News - July 28, 2020 - 1
Milling & Baking News - July 28, 2020 - 1
Milling & Baking News - July 28, 2020 - 2
Milling & Baking News - July 28, 2020 - 3
Milling & Baking News - July 28, 2020 - 4
Milling & Baking News - July 28, 2020 - 5
Milling & Baking News - July 28, 2020 - 6
Milling & Baking News - July 28, 2020 - 7
Milling & Baking News - July 28, 2020 - 8
Milling & Baking News - July 28, 2020 - 9
Milling & Baking News - July 28, 2020 - 10
Milling & Baking News - July 28, 2020 - 11
Milling & Baking News - July 28, 2020 - 12
Milling & Baking News - July 28, 2020 - 13
Milling & Baking News - July 28, 2020 - 14
Milling & Baking News - July 28, 2020 - 15
Milling & Baking News - July 28, 2020 - 16
Milling & Baking News - July 28, 2020 - 17
Milling & Baking News - July 28, 2020 - 18
Milling & Baking News - July 28, 2020 - 19
Milling & Baking News - July 28, 2020 - 20
Milling & Baking News - July 28, 2020 - 21
Milling & Baking News - July 28, 2020 - 22
Milling & Baking News - July 28, 2020 - 23
Milling & Baking News - July 28, 2020 - 24
Milling & Baking News - July 28, 2020 - 25
Milling & Baking News - July 28, 2020 - 26
Milling & Baking News - July 28, 2020 - 27
Milling & Baking News - July 28, 2020 - 28
Milling & Baking News - July 28, 2020 - 29
Milling & Baking News - July 28, 2020 - 30
Milling & Baking News - July 28, 2020 - 31
Milling & Baking News - July 28, 2020 - 32
Milling & Baking News - July 28, 2020 - 33
Milling & Baking News - July 28, 2020 - 34
Milling & Baking News - July 28, 2020 - 35
Milling & Baking News - July 28, 2020 - 36
Milling & Baking News - July 28, 2020 - 37
Milling & Baking News - July 28, 2020 - 38
Milling & Baking News - July 28, 2020 - 39
Milling & Baking News - July 28, 2020 - 40
Milling & Baking News - July 28, 2020 - 41
Milling & Baking News - July 28, 2020 - 42
Milling & Baking News - July 28, 2020 - 43
Milling & Baking News - July 28, 2020 - 44
Milling & Baking News - July 28, 2020 - 45
Milling & Baking News - July 28, 2020 - 46
Milling & Baking News - July 28, 2020 - 47
Milling & Baking News - July 28, 2020 - 48
https://www.nxtbook.com/sosland/mbn/2020_07_28
https://www.nxtbook.com/sosland/mbn/2020_07_14
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
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