Milling & Baking News - January 12, 2021 - 44

Ingredient Week

Sweeteners

Beet and cane sugar
f.o.b. plant, cents per lb
- Change from -
2020-21
Jan. 8
Dec. 31 Dec. 24
Midwest beet 36.50 @ 37.00
-
-
Pacific beet
37.00 @ 40.00
-
-
Northeast cane*
42.00
-
-

Year
ago
44.00
NA
44.00

*Spot raw plus 7% plus 10.7¢ with 2% cash discount.

Raw cane
Delivered refiner, cents per lb
- Change from -
Jan. 8 Dec. 31 Dec. 24
Nearby
28.50
+.10
+.15
February-March
28.50
+.10
+.15
April-June
28.90
+.10
+.15
July-September
28.80
+.20
+.05
October-December 27.75
-.05
-.15
January-March
27.00
+.05
+.05

Year
ago
25.85
25.85
26.40
27.18
27.00
26.53

ICE 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

A

J

O

The cash sugar market was quiet last
week as traders returned to their offices
after the holiday break. Most business for
the remainder of 2020-21 was wrapped
up earlier. Prices were steady to firm.
There was little beet sugar left to sell
and little coverage left to take for the rest
of the marketing year through September.
At least one processor remained out of the
market but was expected to return later
in January. Others continued to sell small
volumes on a selective basis. Official offers
were posted at 36.50¢ a lb f.o.b. Midwest
and at 39.50¢ a lb f.o.b. Michigan, the latter
up 0.50¢ from the most recent offer.
Refined cane sugar for January through
September was offered at 42¢ a lb f.o.b. in
the Northeast and West Coast, at 38.50¢
to 39.50¢ f.o.b. in the Southeast and at 38¢
to 39.50¢ f.o.b. in the Gulf. Though below spot offers from one refiner of 46¢ a
lb through December 2020, the 42¢ offer
for January forward in the Northeast and
West Coast had been in place for some
time. Availability of refined cane sugar
continued to vary among refiners.
Importers indicated little if any activity from Mexican exporters. Some expected to see increased shipments early

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

Jan. 8
25½@ 26
27@ 27½
27¼@ 27¾
26¾@ 27¼
27½@ 28¾

Year ago
25½@ 26
27@ 27½
27¼@ 27¾
26¾@ 27¼
27½@ 28¾

55% HFCS spot price1
Midwest
Northeast
Southeast
Southwest
West

Jan. 8
32¾@ 33¾
34¼@ 35¼
34¼@ 35¼
34@ 35
34¾@ 35¾

Year ago
32¾@ 33¾
34¼@ 35¼
34¼@ 35¼
34@ 35
34¾@ 35¾

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

in January once the US export limit was
known in December, export licenses
were issued and the cane harvest gained
momentum.
Indications were sugar demand in December was " okay, not great but not negative, " according to one processor, with
January starting at about the same pace.
Uncertainty about demand, especially
from foodservice, has intensified due to
increased COVID-19 restrictions in some
states and the loss of outdoor dining in
northern areas. Expectations were the
coronavirus vaccine now being administered will boost the economy and foodservice demand in the second half of the year.
With 2020-21 sales and coverage mostly
wrapped up, attention slowly was shifting to 2021-22. An estimated 15% to 20%
of prospective 2021-22 beet sugar production was already contracted prior to the
yearend holidays, with most of that for
October-December 2021. Ideas were that
additional contracting for 2021-22 may
develop more slowly than normal this
year due to COVID-19. A combination of
reduced travel (sellers visiting buyers in
person), uncertainty about demand and
the current calm in the market after the
fireworks of 2020 were expected to result
in more slowly progressing activity. While
beet processors typically wait until after
planting to wrap up sales for the next marketing year, a higher percentage of sugar
may be available at that time this year.
The corn sweetener market was quiet.
The net cost of corn to make corn sweeteners was 6.22¢ per lb in December, up
0.38¢ from November and up 0.59¢ from
a year ago, the USDA said. The impact of
higher corn prices was partially offset by
higher byproduct values. MBN

100% Pure & Natural Honey
Amber, Light Amber, Extra Light Amber & Organic
Sweetener Supply is proud to participate in SMETA and
is committed to ethical and responsible sourcing.

44 / January 12, 2021

888-SUGAR-99
Sweetenersupply.com
Milling & Baking News

bakingbusiness.com / world-grain.com


http://www.Sweetenersupply.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
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https://www.nxtbook.com/sosland/mbn/2020_07_14
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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
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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
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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
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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
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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
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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
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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
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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
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