Milling & Baking News - January 10, 2023 - 34

MARKET trends
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
TUES | 01 10 2023
BAKERS STANDARD, KANSAS CITY
Bakery Flour
Bookings of bakery flour were limited.
Prices were lowered in consideration of
slumping wheat futures and easing basis
values in Kansas City that offset millfeed
price declines in select markets.
Robust customer offtake as buyers
refilled supply pipelines after the busy
holiday season kept mills running five days
on average in the holiday-shortened week,
a pace expected to last another week before
bakers pause to assess supply needs and
await fresh finished goods orders.
New contracting was limited, the primary
constraint being large volumes locked
in late in the fourth quarter as bakers
worked to meet internal coverage deadlines.
Many were comfortable with their positions
and were inactive in the market as they
focused on post-holiday back-to-work tasks
and 2023 planning.
Others were mired in logistical matters.
Mills in the northern Plains and Upper
Midwest struggled to move outbound flour
as rails in the region were topped with
a hefty layer of snow, diesel locomotives
were typically finicky in cold temperatures
and railroads struggled with labor shortages
amid school closings due to weather.
One Class 1 railroad had several stations
and gateways embargoed for weather and
required mills to seek special permission to
ship flour cars.
Those who dabbled in extending coverage
used flat pricing. Others booked only
BAKERY FLOUR
- Change from - Year
Jan. 6 Dec. 30 Dec. 23 ago
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
34 MILLING & BAKING NEWS
20.85 -1.50
20.75 -1.50
8.85
-
-1.35 24.60
-1.35 24.50
- 8.85
23.60 -0.85 -0.70 23.65
23.50 -0.85 -0.70 23.55
24.40 -0.85 -0.70 24.55
23.50 -0.85 -0.70 23.55
23.85 -0.85 -0.70 23.90
23.35 -0.85 -0.70 23.40
23.25 -0.85 -0.70 23.30
23.35
-
17.50
- 17.20
-0.65 -0.25 18.95
19.00 -0.65 -0.25 20.45
23.25 -1.50
25.50
-
-1.35 27.00
-0.65 -0.50 25.80
26.40 -0.65 -0.50 26.80
21.00 -0.65 -0.25 22.45
25.85
- 19.70
25.75 -1.50
25.90 -1.50
-1.35 28.70
-1.35 28.75
Semolina
Granulars
Flour
First clear
Second clear
Semolina - NY
Jan. 6
29.45
29.25
29.15
15.00
7.50
32.75
Bulk, f.o.b. Minneapolis, $ per cwt
futures, which trended lower under pressure
from concerns about global demand
amid a spurt of new COVID cases in China
and competition for export business from
lower-price supplies flowing out of the Black
Sea region.
Many buyers had their millfeed and
basis components booked into the summer
months. Millfeed prices were mostly firm
but slipped late in the week as flour mill
run times increased and pumped more
supply into the market after back-to-back
holiday weekends. The spot basis in Kansas
City declined at middle and upper proteins,
but deferred wheat trade was nearly nonexistent
with about 25¢ a bu separating bids
and offers.
The most active buyers in one miller's
view were makers of frozen doughs across
all segments, including rolls, buns and
other freezer aisle goods; French and Italian
baguettes shipped frozen and baked in store;
and hoagie-style buns supplied to quickservice
sandwich shops.
A major miller estimated first-quarter
flour coverage was between 90% and 95%
completed. A competitor pegged pan bread
and spring grade coverage for the period
at 75% with soft flour lagging at 45%. Flour
milled from hard wheats were seen at 40%
covered in the second quarter and 15% in the
third, with soft flour coverage trailing at 20%
and 5%, respectively, for those periods. MBN
Family Flour
Sales and shipments of national and
regional brands of family flour expanded
slightly from the quiet holiday weeks as
buyers replenished stocks. The pace was
expected to wane again in mid-January and
settle into the mid-winter doldrums, during
which flour manufacturers expected to complete
maintenance tasks and build inventory
via longer, more efficient runs. Carlot list
prices were steady.
Durum
Chicago
cents per bu
Minneapolis
No. 1 Hard Amber Durum Choice Milling 13%, Track, $ per bu
Semolina
DURUM AND SEMOLINA
Jan. 6
12.75
12.55
-
-
-
-
-
-
-
-
- Change from - Year
Dec. 30 Dec. 23 ago
-.25 18.50
-.25 18.30
- Change from - Year
Dec. 30 Dec. 23 ago
-.65 44.90
-.65 44.70
-.65 44.60
- 15.00
- 7.50
-.65 48.10
$12.00
$18.00
$24.00
$30.00
$36.00
JA JO
Previous Year
Current Year
SPRING STANDARD, MINNEAPOLIS
$12.00
$16.00
$20.00
$24.00
$28.00
$32.00
$36.00
JA JO
Previous Year
CRACKER FLOUR, CHICAGO
$11.30
$14.30
$17.30
$20.30
$23.30
$26.30
$29.30
JA JO
Previous Year
Current Year
Millers indicated regional brand sales
were somewhat flat in 2022 while private
label flour sales were robust. One noted a
private label customer increased volume by
20% over 2021, and surmised inflation had
more home bakers trying private label.
Private label buyers booked through
March were expected to look at extending
coverage this month. Most were covered
through June or July. MBN
Semolina
Bookings of semolina, granulars and
durum flour were limited in a post-holiday
week focused on logistics amid weather
impediments in the Upper Midwest. Robust
orders kept mills running five days. Mills
sustained grind via durum inventories that
grew slimmer than usual and struggled to
get rail cars for outbound flour cycled back
to plants.
The price of choice milling hard amber
durum as quoted at the Chicago rail gateway
for delivery beyond was $12.75 a bu,
unchanged. Durum trading was quiet.
Farmer sales were slow, and elevator bids
were unchanged. Expected export tenders
were thought to add price definition in January.
MBN
bakingbusiness.com
Current Year
http://www.bakingbusiness.com
Milling & Baking News - January 10, 2023

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