Milling & Baking News - December 27, 2022 - 32

MARKET trends
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
TUES | 12 27 2022
BAKERS STANDARD, KANSAS CITY
Bakery Flour
Bookings of bakery flour were slow last
week after active sales earlier in December.
Flour prices were raised as wheat futures
advanced, millfeed was steady to firmer,
and cash wheat basis levels were mixed to
slightly lower.
While the " calendar " dictated more active
flour trading earlier in the month, traders
mostly focused on wrapping up other loose
ends with many expected to be out of their
offices the week between Christmas and
New Year's Day.
Weather was a primary focus, especially
for mills in the north depending on trucks
to move wheat into facilities or to move
flour and millfeed out. Most flour mills had
planned to go down Saturday through Monday
for the holiday, but a massive winter
storm encouraged or forced several mills to
close a day early on Friday and a few to shut
down on Thursday. Most mills planned to be
down two or three days over the New Year's
Day weekend as well.
Traders will return after the holiday
break with renewed interest in completing
first-quarter coverage and adding secondquarter
coverage. Some hard winter and
spring wheat basis coverage was added, but
otherwise buyers were willing to wait until
the new year, hoping the various flour component
prices will be more to their liking,
especially in more deferred periods. Traders
said buyers were slower to add third-quarter
component coverage as millfeed prices were
BAKERY FLOUR
Dec. 23
Kansas City
Bakers short patent
Bakers standard patent
Second 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
Bulk, f.o.b. car, $ per cwt
32
MILLING & BAKING NEWS
- Change from -
Dec. 16
22.20 0.60
22.10 0.60
8.85
-
24.30 0.40
24.20 0.40
25.10 0.40
24.20 0.40
24.55 0.40
24.05 0.40
23.95 0.40
23.35 -0.10
17.75 0.40
19.25 0.40
24.60 0.60
26.00 0.35
26.90 0.35
21.25 0.40
25.85 -0.10
27.10 0.60
27.25 0.60
Year
Dec. 9 ago
1.05 27.20
1.05 27.10
- 8.85
0.65 26.40
0.65 26.30
0.65 27.30
0.65 26.30
0.65 26.65
0.65 26.15
0.65 26.05
-0.35 17.45
0.65 20.10
0.65 21.60
1.05 29.60
0.75 28.20
0.75 29.20
0.65 23.60
-0.35 19.95
1.05 31.30
1.05 31.35
ill-defined and basis levels still were high.
Some buyers remained cautious because
of uncertainty about demand amid inflationary
trends at retail and foodservice, with
one miller noting modest volume declines
seen this fall.
Flour coverage was little changed from
a week earlier amid limited activity. Firstquarter
coverage was estimated at 75% to
80% for pan bread and spring grade buyers
and 45% to 50% for soft flour users. Secondquarter
coverage was seen at 40% to 50% for
pan bread flour and spring grades and at
25% to 30% for soft flour. The third-quarter
coverage was minimal, estimated at 10% for
pan bread flour and spring grades and at 10%
for soft flour. MBN
Family Flour
Sales and shipments of national and
regional brands of family flour were slow
last week. Carlot list prices were unchanged.
The final retail and foodservice shipments
of flour for the holiday period were
completed. The family flour business was
set to drop to a typically slow winter pace
for the next several weeks except for some
orders for restocking in early January
following the busy fall baking season and
yearend holiday period. Most buyers had
coverage through the end of March and a
few until the end of September.
After running hard most of the fall, most
flour mills were expected to shut down three
or four days for Christmas and three days
for the New Year's holiday.
Prices for family flour in 5-lb packages
were noted at $2.50 in mass merchandise
stores, with private label at $2.12 to $2.25. In
grocery stores, 5-lb bags of name brand flour
ranged from $3.50 to $3.88, with private
label at $2.50. MBN
Semolina
Durum
Chicago
Bookings of semolina, granulars and
DURUM AND SEMOLINA
Dec. 23 Dec. 16
13.00
Minneapolis
12.80
-.25
-.25
- Change from - Year
Dec. 9 ago
-.25 18.75
-.25 18.55
No. 1 Hard Amber Durum Choice Milling 13%, Track, $ per bu
Semolina
Semolina
Granulars
Flour
First clear
Second clear
Semolina - NY
Dec. 23
30.10
29.90
29.80
15.00
7.50
33.40
Bulk, f.o.b. Minneapolis, $ per cwt
- Change from - Year
Dec. 16
-.70
-.70
-.70
-
-
-.70
Dec. 9 ago
-.85 45.70
-.85 45.50
-.85 45.40
- 15.00
- 7.50
-.85 48.90
$11.30
$14.30
$17.30
$20.30
$23.30
$26.30
$29.30
DM JS
Previous Year
Current Year
durum flour were slow last week. Prices
were lowered as durum values declined and
Upper Midwest millfeed values advanced.
The price of choice milling hard amber
durum as quoted over the Chicago gateway
for delivery beyond was $13 per bu, down
25¢ from a week earlier. While durum trading
was quiet, largely due to an early week
snowstorm and frigid temperatures in the
Upper Midwest, the lack of new export business
after recent sales of Canadian durum
to Tunisia was seen as a pressuring factor.
Algeria was expected to be the next country
to tender for durum. Slow farmer selling
also was attributed to growers' desire to
push additional income into the next tax
year.
One miller noted that durum prices
have been range bound for some time,
with higher prices prompting new sales
from the country, limiting further price
increases, and lower prices prompting users
to increase buying, limiting additional price
declines.
Millers estimated first-quarter semolina
coverage at more than 90% completed,
dropping sharply to only about 30% in the
second quarter with buyers mainly " kicking
tires. " MBN
bakingbusiness.com
$12.00
$18.00
$24.00
$30.00
$36.00
DM JS
Previous Year
Current Year
SPRING STANDARD, MINNEAPOLIS
$12.00
$16.00
$20.00
$24.00
$28.00
$32.00
$36.00
DM JS
Previous Year
CRACKER FLOUR, CHICAGO
Current Year
http://www.bakingbusiness.com
Milling & Baking News - December 27, 2022

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