Milling & Baking News - July 27, 2021 - 45

MARKET trends
TUES | 07 27 202 1
RAW SUGAR FUTURES
July 23
Sweeteners
Bulk refined sugar prices continued
to rise last week as sales for next year
increased amid sugar beet crop uncertainty,
raw sugar supplies for cane refiners
remained limited, and the nearby No. 16 raw
sugar future set a fresh 9½-year high.
Spot (through Sept. 30) Midwest beet sugar
prices were raised by 1¢ to 37.5¢ a lb f.o.b. by
one seller and to around 40¢ f.o.b., up 1¢ to 2¢,
by others. Michigan sugar was offered at 41¢ a
lb f.o.b., up 1¢. All sellers were in the spot market,
but available supplies were limited.
Refined cane sugar was offered at 41¢ a lb
in the Southeast by one refiner, up 1.5¢ from
a week earlier, while another refiner offered
cane in the region as high as 49¢ a lb. Northeast
and West Coast refined cane was offered
at 48¢ a lb, unchanged.
Amid already limited spot beet sugar supplies,
dry weather in the Upper Midwest may
delay the beet harvest and result in lowerthan-expected
supplies of new crop sugar in
August and September. Most processors will
see initial sugar content tests in about a week
to help set the harvest start date.
US Department of Agriculture state sugar
beet crop condition ratings as of July 18 were
unchanged to higher except in Montana,
which dropped sharply. Most states were
below same-date year-ago ratings. The Red
River Valley needed rain soon with yields
already hurt. Michigan beets improved as
fields dried from excess moisture. Although
beets in most other areas were irrigated,
the extreme heat in some areas, especially
Idaho, began to hurt crop prospects.
Except for Montana and parts of the Red
2020-21
Midwest beet
Pacific beet
Northeast cane*
REFINED SUGAR
July 23
37.50
40.00
48.00
-
- Change from -
July 16
-
f.o.b. plant, cents per lb
**Spot raw plus 7% plus 7.7¢ with 2% cash discount. N = Nominal
River Valley, this year's sugar beet crop was
expected to be average to good (with Idaho a
question mark), compared with forecasts of
a bumper crop at the beginning of the season
and as reflected by the USDA's lower 2021-22
beet sugar forecast earlier this month. The
USDA also expected 2021-22 cane sugar outturn
in Florida and Louisiana to be lower
than in 2020-21.
Prices for 2021-22 also were firm to
higher as some sellers raised prices along
with spot values. Midwest beet sugar was
offered by one processor at 37.5¢ a lb f.o.b.,
but two other processors were
approaching sales case-by-case
depending on how the crop
progresses. Cane sugar prices
ranged from 39¢ a lb in the Gulf
to 42¢ in the Northeast and
West Coast.
Prices in October-December
2021 were jumbled as some sellers
carried spot prices to the
end of the calendar year while
others offered 2021-22 pricing
at the start of the marketing
year Oct. 1, 2021.
While spot (2020-21) sugar
demand varied (some users
were pulling above expectaJuly
9
Year
ago
+1.00 +1.00 44.00
+3.00 +3.00
NA
46.00
ICE No. 16
September
November
January
March
May
July
ICE No. 11
October
March
May
July
cents per lb
tions, but others were not performing up
to contracted levels allowing processors to
resell sugar to those who needed it), sources
indicated demand for 2021-22 remained
strong.
Nearby corn sweetener demand was good.
Prices for 2022 were expected to be higher
due to higher corn and other input costs. MBN
SPOT BEET AND CANE SUGAR PRICES
in cents per lb
32
38
44
50
36.80
35.50
32.25
32.20
32.15
32.15
July 23
18.17
18.59
17.72
16.95
+.55
+.55
+.75
+.70
- Change from -
July 16 July 9
Year
ago
+.55 27.05
+.25 27.00
+1.15 26.70
+1.10 26.80
+.65 +1.05 27.00
+.65 +1.05 27.00
- Change from -
July 16 July 9
+.46
+.49
+.44
+.37
+.89
+.93
Year
ago
11.49
12.18
+.79 12.05
+.62
11.90
JOJ A
Source: Sosland Publishing Company
Spot beet and refined cane sugar prices
have risen recently as supplies tightened,
with cane up sharply alongside domestic
raw sugar futures.
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.
888-SUGAR-99
Sweetenersupply.com
http://www.Sweetenersupply.com

Milling & Baking News - July 27, 2021

Table of Contents for the Digital Edition of Milling & Baking News - July 27, 2021

Milling & Baking News - July 27, 2021 - 1
Milling & Baking News - July 27, 2021 - 2
Milling & Baking News - July 27, 2021 - 3
Milling & Baking News - July 27, 2021 - 4
Milling & Baking News - July 27, 2021 - 5
Milling & Baking News - July 27, 2021 - 6
Milling & Baking News - July 27, 2021 - 7
Milling & Baking News - July 27, 2021 - 8
Milling & Baking News - July 27, 2021 - 9
Milling & Baking News - July 27, 2021 - 10
Milling & Baking News - July 27, 2021 - 11
Milling & Baking News - July 27, 2021 - 12
Milling & Baking News - July 27, 2021 - 13
Milling & Baking News - July 27, 2021 - 14
Milling & Baking News - July 27, 2021 - 15
Milling & Baking News - July 27, 2021 - 16
Milling & Baking News - July 27, 2021 - 17
Milling & Baking News - July 27, 2021 - 18
Milling & Baking News - July 27, 2021 - 19
Milling & Baking News - July 27, 2021 - 20
Milling & Baking News - July 27, 2021 - 21
Milling & Baking News - July 27, 2021 - 22
Milling & Baking News - July 27, 2021 - 23
Milling & Baking News - July 27, 2021 - 24
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Milling & Baking News - July 27, 2021 - 26
Milling & Baking News - July 27, 2021 - 27
Milling & Baking News - July 27, 2021 - 28
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Milling & Baking News - July 27, 2021 - 30
Milling & Baking News - July 27, 2021 - 31
Milling & Baking News - July 27, 2021 - 32
Milling & Baking News - July 27, 2021 - 33
Milling & Baking News - July 27, 2021 - 34
Milling & Baking News - July 27, 2021 - 35
Milling & Baking News - July 27, 2021 - 36
Milling & Baking News - July 27, 2021 - 37
Milling & Baking News - July 27, 2021 - 38
Milling & Baking News - July 27, 2021 - 39
Milling & Baking News - July 27, 2021 - 40
Milling & Baking News - July 27, 2021 - 41
Milling & Baking News - July 27, 2021 - 42
Milling & Baking News - July 27, 2021 - 43
Milling & Baking News - July 27, 2021 - 44
Milling & Baking News - July 27, 2021 - 45
Milling & Baking News - July 27, 2021 - 46
Milling & Baking News - July 27, 2021 - 47
Milling & Baking News - July 27, 2021 - 48
Milling & Baking News - July 27, 2021 - 49
Milling & Baking News - July 27, 2021 - 50
Milling & Baking News - July 27, 2021 - 51
Milling & Baking News - July 27, 2021 - 52
Milling & Baking News - July 27, 2021 - 53
Milling & Baking News - July 27, 2021 - 54
Milling & Baking News - July 27, 2021 - 55
Milling & Baking News - July 27, 2021 - 56
Milling & Baking News - July 27, 2021 - 57
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http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_20
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_11_06
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http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_10_09
http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_25
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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
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
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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
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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
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https://www.nxtbook.com/sosland/mbn/2015_02_17
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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
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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
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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
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https://www.nxtbook.com/sosland/mbn/2014_06_24
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https://www.nxtbook.com/sosland/mbn/2014_03_18
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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
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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
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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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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
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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
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https://www.nxtbook.com/sosland/mbn/2012_02_21
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https://www.nxtbook.com/sosland/mbn/2012_01_24
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https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
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https://www.nxtbook.com/sosland/mbn/2011_08_23
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https://www.nxtbook.com/sosland/mbn/2011_07_26
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https://www.nxtbook.com/sosland/mbn/2011_04_19
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https://www.nxtbook.com/sosland/mbn/2011_03_22
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https://www.nxtbook.com/sosland/mbn/2011_02_22
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https://www.nxtbook.com/sosland/mbn/2010_04_20
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https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
https://www.nxtbook.com/sosland/mbn/2010_02_09
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https://www.nxtbook.com/sosland/mbn/2010_01_12
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https://www.nxtbook.com/sosland/mbn/2009_09_22
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https://www.nxtbook.com/sosland/mbn/2009_03_24
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https://www.nxtbook.com/sosland/mbn/2008_04_22
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https://www.nxtbook.com/sosland/mbn/2008_03_11
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https://www.nxtbook.com/sosland/mbn/2004_08_17
https://www.nxtbook.com/sosland/mbn/2004_08_10
https://www.nxtbook.com/sosland/mbn/2004_08_03
https://www.nxtbook.com/sosland/mbn/2004_07_27
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