Milling & Baking News - January 12, 2021 - 40

Ingredient Week

Bakery Flour
Bookings of bakery flour expanded last
week. Prices were mixed, mostly higher
but lowered in the case of pan-bread flour.
Bakers returned to offices comfortable
with first-quarter coverage. Some renewed
their April-June focus with some regret.
" Some bakers are realizing they should
have bought 30 days ago, and the risk of
waiting to get back to the levels seen 30
days ago outweighs the risk of covering
it at a higher level, " a miller commented.
That led some major bakers, despite
recent sharp rallies in wheat futures, to
take some second- and third-quarter risk
off the table. Most activity was devoted
to futures coverage following midweek
declines on profit-taking.
Flour buyers last week included consumer packaged goods manufacturers
and fresh retail goods bakers, as well as
mid-size commercial bakers.
Some bakers pondered whether to add
length to coverage before or after a slew of
US Department of Agriculture reports to
be issued Jan. 12. Of particular interest will
be the USDA's estimates of winter wheat
plantings, including plantings by class.
Basis coverage was a secondary concern last week, but with a Minneapolis
focus, one miller said.
" The spring wheat basis is at a fair
historical price, " he said. " If you can
buy 14%-protein hard red spring wheat
at 130@150¢ over, year-after-year, you're
doing okay. The spring wheat basis
doesn't have the volatility it once had. "
Millfeed credits remained a sore

Bakery flour
Jan. 8

40 / January 12, 2021

Family Flour
Sales and shipments of national and
regional brands of family flour were
light last week following the conclusion
of the fall baking season. Carlot list prices were unchanged.
Flour manufacturing was quiet, with
packaging lines operating at an average
of five days. At least one manufacturer
had about 20% of staff quarantining at
home after positive COVID-19 tests.
Restocking shipments were light compared with earlier years. Ideas were perhaps supermarkets and mass merchandisers had more family flour on hand in
December to make sure they didn't get
caught short in case of a second wave of
pandemic-inspired hoarding, which did
not materialize.
Promotions were slim to none but expected to re-emerge in February and March.
A miller planned to push family flour in

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

spot for some buyers. April-June midds
prices remained in some cases at sharp
discounts compared with the winter
months. Some buyers opted to hold back
hoping those prices would creep higher
given the high corn prices.
Spring grades led the first quarter with
85% coverage. Pan-bread flour buyers
had 80% coverage, and soft flour buyers lagged at 65%. For April-June, spring
grades and pan-bread flour jumped to
40% with soft flour at 30%. For the third
quarter, spring and pan bread flour buyers were about 20% covered with soft
flour buyers at 5% to 10% covered. MBN

- Change from - Year
Dec. 31 Dec. 24 ago

Track, Chicago
$ per bu
Jan. 8
Choice milling 13% 8.40

-0.20
-0.20
-
...

0.10
0.10
-
...

15.35 Track, Minneapolis
15.25 $ per bu
8.85 Choice milling 13% 8.10
...

15.75
15.65
16.65
15.65
16.00
15.50
15.40
18.60

0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.10

0.90
0.90
0.90
0.90
0.90
0.90
0.90
0.50

16.30
17.80

0.05
0.05

0.80
0.80

18.80
17.55
18.55
19.80
21.10

-0.20
0.30
0.30
0.05
0.10

0.10
0.65
0.65
0.80
0.50

15.70 Bulk, f.o.b. Minneapolis, $ per cwt
- Change from - Year
15.60
Jan. 8
Dec. 31 Dec. 24
ago
16.60
19.60
+.05
+.55
20.55
15.60 Semolina
19.40
+.05
+.55
20.35
15.95 Granulars
19.30
+.05
+.55
20.25
15.45 Flour
14.00
-
-
14.00
15.35 First clear
7.00
-
-
7.00
19.50 Second clear
Semolina - NY 23.00
+.05
+.55
23.75
15.35
Nationally advertised family flour
16.85
Dollars
Jan. 8
Year ago
17.75
Family patent, 2-25s papers
24.12
24.12
17.65
4-10s
...
...
18.65
8-5s
18.52
18.52
18.85
18-2s
20.64
20.64
22.00
Self-rising
...
...

21.20
21.25

-0.20
-0.20

0.10
0.10

Milling & Baking News

Semolina
Bookings of semolina, granulars and
durum flour were limited last week.
Price adjustments were minor.
The price of choice milling hard amber
durum as quoted at the Chicago rail gateway for delivery beyond was $8.40 a bu.
The Minneapolis price was $8.10 a bu.
Durum wheat buying interest was
minimal. But some sellers had durum
supplies they were considering offering.
Durum millers and pasta makers awaited the Jan. 12 release of the Winter Wheat
and Canola Seedings report, which will
contain USDA estimates of desert durum
seedings, the first survey-based indicator
of durum growers' 2021 intentions.
Semolina offtake was steady, and durum mill runtimes averaged 5½ days.
Pasta manufacturers' spot needs were
minimal. Forward semolina coverage
was unchanged with the current quarter
nearly complete, April-June at 50% and
the third quarter at about 15%. MBN

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

- Change from - Year
Dec. 31 Dec. 24 ago
-.05
+.05 8.60

16.40
16.30
8.85
...

$12.50
J

A

J

Previous Year

O
Current Year

Spring standard, Minneapolis
-.05

+.05

8.30

Semolina

19.95
20.00

advance of Easter, but expectations were
modest as the holiday provided little noticeable boost in sales over the past five years.
Private label customers were quiet,
having earlier purchased through March,
with some buyers having extended coverage through the crop year. MBN

Bulk, f.o.b. car, per cwt
$19.00
$17.00
$15.00
$13.00
$11.00
J

A

J

Previous Year

O
Current Year

Cracker flour, Chicago
Bulk, f.o.b. car, per cwt
$17.20
$16.20
$15.20
$14.20
$13.20
$12.20
$11.20
J

A
Previous Year

J

O
Current Year

bakingbusiness.com / world-grain.com

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

Milling & Baking News - January 12, 2021

Table of Contents for the Digital Edition of Milling & Baking News - January 12, 2021

Milling & Baking News - January 12, 2021 - 1
Milling & Baking News - January 12, 2021 - 1
Milling & Baking News - January 12, 2021 - 2
Milling & Baking News - January 12, 2021 - 3
Milling & Baking News - January 12, 2021 - 4
Milling & Baking News - January 12, 2021 - 5
Milling & Baking News - January 12, 2021 - 6
Milling & Baking News - January 12, 2021 - 7
Milling & Baking News - January 12, 2021 - 8
Milling & Baking News - January 12, 2021 - 9
Milling & Baking News - January 12, 2021 - 10
Milling & Baking News - January 12, 2021 - 11
Milling & Baking News - January 12, 2021 - 12
Milling & Baking News - January 12, 2021 - 13
Milling & Baking News - January 12, 2021 - 14
Milling & Baking News - January 12, 2021 - 15
Milling & Baking News - January 12, 2021 - 16
Milling & Baking News - January 12, 2021 - 17
Milling & Baking News - January 12, 2021 - 18
Milling & Baking News - January 12, 2021 - 19
Milling & Baking News - January 12, 2021 - 20
Milling & Baking News - January 12, 2021 - 21
Milling & Baking News - January 12, 2021 - 22
Milling & Baking News - January 12, 2021 - 23
Milling & Baking News - January 12, 2021 - 24
Milling & Baking News - January 12, 2021 - 25
Milling & Baking News - January 12, 2021 - 26
Milling & Baking News - January 12, 2021 - 27
Milling & Baking News - January 12, 2021 - 28
Milling & Baking News - January 12, 2021 - 29
Milling & Baking News - January 12, 2021 - 30
Milling & Baking News - January 12, 2021 - 31
Milling & Baking News - January 12, 2021 - 32
Milling & Baking News - January 12, 2021 - 33
Milling & Baking News - January 12, 2021 - 34
Milling & Baking News - January 12, 2021 - 35
Milling & Baking News - January 12, 2021 - 36
Milling & Baking News - January 12, 2021 - 37
Milling & Baking News - January 12, 2021 - 38
Milling & Baking News - January 12, 2021 - 39
Milling & Baking News - January 12, 2021 - 40
Milling & Baking News - January 12, 2021 - 41
Milling & Baking News - January 12, 2021 - 42
Milling & Baking News - January 12, 2021 - 43
Milling & Baking News - January 12, 2021 - 44
Milling & Baking News - January 12, 2021 - 45
Milling & Baking News - January 12, 2021 - 46
Milling & Baking News - January 12, 2021 - 47
Milling & Baking News - January 12, 2021 - 48
Milling & Baking News - January 12, 2021 - 49
Milling & Baking News - January 12, 2021 - 50
Milling & Baking News - January 12, 2021 - 51
Milling & Baking News - January 12, 2021 - 52
Milling & Baking News - January 12, 2021 - 53
Milling & Baking News - January 12, 2021 - 54
Milling & Baking News - January 12, 2021 - 55
Milling & Baking News - January 12, 2021 - 56
https://www.nxtbook.com/sosland/mbn/2021_01_26
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
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