Milling & Baking News - November 3, 2020 - 32

Ingredient Week

Bakery Flour
Bookings of bakery flour were limited
last week, but some millers noted sales
ticked higher than a week earlier. One
characterized sales as catching up to the
normal pace for the date. Prices declined.
Mid-size commercial bakeries, distributors and ingredient manufacturers
were among customers layering in coverage last week, one miller said.
Component buying was more prevalent than flat-price coverage. Some
buyers regretted they had missed their
opportunity to lock in futures before a
remarkable rally sent prices soaring into
October. Several were motivated to do so
last week after futures declined to open
the week. By midweek, futures were
close to historical averages for the date.
Spring grade buyers have taken the
most coverage into 2021, millers said.
Many had futures contracted for the
first quarter, but basis coverage was
leading the way for first-half 2021, a
miller said. Millfeed credit coverage
was typical for the first quarter but tapered off sharply after March.
Cookie-cracker and specialty bakers
took the least coverage during the week.
"People who have accepted higher
prices are taking coverage because there's
no carry in soft wheat with Chicago futures inverted," one miller said. "If you're
a buyer with autonomy, it's scary, if you're
a buyer with less autonomy, it's even scarier because the former can wait awhile
longer, but those requiring a disciplined
coverage model have a real problem, thus

Bakery flour
Oct. 30

32 / November 3, 2020

Family Flour
Typical week-over-week seasonal increases in sales and shipments of national and regional brands of family flour
were the rule last week. Carlot list prices
were unchanged.
Flour manufacturers said shipments
through last week were similar to a year
ago. Packaging lines continued to run
24/7. Plants with the capacity to build
inventory expected to begin drawing
down supply in the first week of November. Still to be seen were the effects
of the enduring coronavirus pandemic
on holiday season sales.
"That's the big question," a Great
Plains flour manufacturer said. "We're
going to ramp up normally, but will we
do extra with COVID? That possibility
is there with cases spiking around the
country. Most customers are expecting
some increases due to the COVID scare."
Family flour was being promoted in
some supermarkets at $2.49 for a 5-lb bag
of branded flour. That wasn't considered

No. 1 hard amber durum

Bulk, f.o.b. car, $ per cwt
Kansas City
Bakers short patent
Bakers standard patent
Second clear
Third clear
Minneapolis
Spring short patent
Spring standard patent
High gluten
Whole wheat
Specialty whole wheat
Fancy spring clear
First spring clear
Rye, white
Chicago
Cracker
Fancy cake
New York
Winter/spring blend
Spring standard patent
High gluten
Fancy cake
Rye, white
Los Angeles
Bakers standard patent
Pastry

some mild panic buying of futures."
For the current quarter, coverage for all
grades continued to tick higher to about
90% to 95% as month-to-month buyers
locked down fall needs. For the first quarter of 2021, coverage estimates ranged
from 33% to 60% for pan-bread flour, 37%
to 70% for spring grades and 8% to 50%
for soft flour. Millers said second-quarter
coverage estimates ranged from 15%
to 25% for pan-bread flour and spring
grades and 10% to 20% for soft flour. MBN

- Change from - Year
Oct. 23 Oct. 16 ago

Track, Chicago
$ per bu
Oct. 30
Choice milling 13% 8.15

-0.55
-0.55
-
...

-0.35
-0.35
-
...

14.10
14.00
8.85
...

Track, Minneapolis
$ per bu

14.85
14.75
15.75
14.75
15.10
14.60
14.50
19.25

-1.00
-1.00
-1.00
-1.00
-1.00
-1.00
-1.00
0.20

0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.25

15.55
15.45
16.45
15.45
15.80
15.30
15.20
19.35

Bulk, f.o.b. Minneapolis, $ per cwt
- Change from -
Oct. 30 Oct. 23 Oct. 16
Semolina
19.30
+.25
+.30
Granulars
19.10
+.25
+.30
Flour
19.00
+.25
+.30
First clear
14.00
-
-
Second clear
7.00
-
-
Semolina - N.Y. 22.50
+.25
+.30

15.25
16.75

-0.65
-0.65

-0.30
-0.30

14.05
15.55

17.90
16.95
17.95
18.75
21.75

-0.55
-1.05
-1.05
-0.65
0.20

-0.35
-0.45
-0.45
-0.30
0.25

16.50
17.55
18.55
17.55
21.85

20.30
20.35

-0.55
-0.55

-0.35
-0.35

18.70
18.75

Milling & Baking News

Semolina
Bookings of semolina, durum flour
and granulars increased last week. Durum mill runtimes averaged about 5½
days to accommodate orders millers
characterized as "strong, but not robust."
The price of choice milling hard amber durum as quoted at the Chicago rail
gateway for delivery beyond was $8.15 a
bu, up 5¢ from a week earlier.
"Farmer durum selling is just nonexistent," a durum miller said. "Up until
two days ago, prices of corn and soybeans and all the other commodities had
turned higher, and durum hadn't done
anything since harvest."
Pasta makers advanced their semolina
coverage to between 45% and 65% for
the first quarter, millers said. There was
no one particular impetus that caused
them to buy. But a variety of factors may
have influenced them, including the 2020
durum crop being stowed away after a
speedy harvest, escalating freight costs
and availability amid row crop harvests,
and a fair amount of month-over-month
strength in the price of other grains. MBN

Bakers standard, Kansas City
Bulk, f.o.b. car, per cwt
$17.00
$15.50
$14.00

- Change from - Year
Oct. 23 Oct. 16 ago
+.05
+.05 8.75

15.50
15.40
8.85
...

Choice milling 13% 7.85

an aggressive price compared with the
same product found at mass merchandisers for $2.08. Promotions were expected
to ramp up in November. MBN

$12.50
N

F

M

Previous Year

A
Current Year

Spring standard, Minneapolis
+.05

+.05

8.45

Semolina

$19.00
$17.00

Year
ago
20.85
20.65
20.55
14.00
7.00
24.05

Nationally advertised family flour

$15.00
$13.00
$11.00
N

F

M

Previous Year

A
Current Year

Cracker flour, Chicago
Bulk, f.o.b. car, per cwt
$16.20

Dollars
Oct. 30
Family patent, 2-25s papers 24.12
4-10s
...
8-5s
18.52
18-2s
20.64
Self-rising
...

Bulk, f.o.b. car, per cwt

Year ago
24.12
...
18.52
20.64
...

$15.20
$14.20
$13.20
$12.20
$11.20
N

F
Previous Year

M

A
Current Year

bakingbusiness.com / world-grain.com

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

Milling & Baking News - November 3, 2020

Table of Contents for the Digital Edition of Milling & Baking News - November 3, 2020

Milling & Baking News - November 3, 2020 - 1
Milling & Baking News - November 3, 2020 - 1
Milling & Baking News - November 3, 2020 - 2
Milling & Baking News - November 3, 2020 - 3
Milling & Baking News - November 3, 2020 - 4
Milling & Baking News - November 3, 2020 - 5
Milling & Baking News - November 3, 2020 - 6
Milling & Baking News - November 3, 2020 - 7
Milling & Baking News - November 3, 2020 - 8
Milling & Baking News - November 3, 2020 - 9
Milling & Baking News - November 3, 2020 - 10
Milling & Baking News - November 3, 2020 - 11
Milling & Baking News - November 3, 2020 - 12
Milling & Baking News - November 3, 2020 - 13
Milling & Baking News - November 3, 2020 - 14
Milling & Baking News - November 3, 2020 - 15
Milling & Baking News - November 3, 2020 - 16
Milling & Baking News - November 3, 2020 - 17
Milling & Baking News - November 3, 2020 - 18
Milling & Baking News - November 3, 2020 - 19
Milling & Baking News - November 3, 2020 - 20
Milling & Baking News - November 3, 2020 - 21
Milling & Baking News - November 3, 2020 - 22
Milling & Baking News - November 3, 2020 - 23
Milling & Baking News - November 3, 2020 - 24
Milling & Baking News - November 3, 2020 - 25
Milling & Baking News - November 3, 2020 - 26
Milling & Baking News - November 3, 2020 - 27
Milling & Baking News - November 3, 2020 - 28
Milling & Baking News - November 3, 2020 - 29
Milling & Baking News - November 3, 2020 - 30
Milling & Baking News - November 3, 2020 - 31
Milling & Baking News - November 3, 2020 - 32
Milling & Baking News - November 3, 2020 - 33
Milling & Baking News - November 3, 2020 - 34
Milling & Baking News - November 3, 2020 - 35
Milling & Baking News - November 3, 2020 - 36
Milling & Baking News - November 3, 2020 - 37
Milling & Baking News - November 3, 2020 - 38
Milling & Baking News - November 3, 2020 - 39
Milling & Baking News - November 3, 2020 - 40
Milling & Baking News - November 3, 2020 - 41
Milling & Baking News - November 3, 2020 - 42
Milling & Baking News - November 3, 2020 - 43
Milling & Baking News - November 3, 2020 - 44
Milling & Baking News - November 3, 2020 - 45
Milling & Baking News - November 3, 2020 - 46
Milling & Baking News - November 3, 2020 - 47
Milling & Baking News - November 3, 2020 - 48
https://www.nxtbook.com/sosland/mbn/2021_01_12
https://www.nxtbook.com/sosland/mbn/2020_12_29
https://www.nxtbook.com/sosland/mbn/2020_12_15
https://www.nxtbook.com/sosland/mbn/2020_12_01
https://www.nxtbook.com/sosland/mbn/2020_11_17
https://www.nxtbook.com/sosland/mbn/2020_11_03
https://www.nxtbook.com/sosland/mbn/2020_10_20
https://www.nxtbook.com/sosland/mbn/2020_10_06
https://www.nxtbook.com/sosland/mbn/2020_09_22
https://www.nxtbook.com/sosland/mbn/2020_09_08
https://www.nxtbook.com/sosland/mbn/2020_08_25
https://www.nxtbook.com/sosland/mbn/2020_08_11
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
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