Milling & Baking News - June 14, 2022 - 40

MARKET trends
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
TUES | 06 14 2022
BAKERS STANDARD, KANSAS CITY
Bakery Flour
Bookings of bakery flour remained limited
last week as buyers monitored continued
volatility in wheat futures. Prices
were raised alongside advancing futures
and basis prices in Minneapolis that more
than offset modest millfeed hikes. Higher
Kansas City futures more than offset a
lower hard red winter basis under harvest
pressure.
Many millers, bakers and food manufacturers
attended the 45th annual Sosland
Purchasing Seminar in Kansas City June
5-7. In the following days, it seemed buyers
were taking time to consider the discussions
and price outlooks presented at the
seminar before proceeding.
For one miller, that meant just under a
day of flour grind was booked in the week,
mostly by bakers needing ingredients
for immediate use. Distributors were the
primary buyers. Manufacturers of frozen
breads and doughs were also active.
" Those who are buying are short flour, " a
senior miller said. " Coverage was taken by
folks who are living week to week, like buying
groceries in college.
" It's just as you would expect, buyers are
paralyzed right now, and it correlates with
what we heard in presentations at the (Sosland)
seminar, " he said.
Coverage levels were unchanged at 95%
for all grades in the current quarter. Soft
flour at 50% trailed pan-bread flour and
spring grades at 60% for the third quarter.
BAKERY FLOUR
- Change from - Year
June 10 June 3 May 27 ago
Kansas City
Bakers short patent
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
40 MILLING & BAKING NEWS
30.50 0.95
Bakers standard patent 30.40 0.95
Second clear
8.85
31.35
31.25
32.25
31.25
31.60
31.10
31.00
24.10
-
1.50
1.50
1.50
1.50
1.50
1.50
1.50
-0.25
24.55 0.55
26.05 0.55
32.90 0.95
33.55
34.55
37.70 0.95
37.80 0.95
-1.35 17.75
-1.35 17.65
- 8.85
-0.25 18.25
-0.25 18.15
-0.25 19.15
-0.25 18.15
-0.25 18.50
-0.25 18.00
-0.25 17.90
-0.10
16.15
-1.50 15.60
-1.50
17.10
-1.35 20.15
28.05 0.55
26.60 -0.25
1.65 -0.20 21.10
1.65 -0.20 22.10
-1.50
19.10
-0.10 18.65
-1.35 21.85
-1.35 21.90
Total coverage was at 20% to 25% for the
fourth quarter. Buyers had made some
headway into 2023 with pan-bread and
spring grades 10% covered, followed by soft
flour at 5%. MBN
Family Flour
The summer doldrums were unwavering
in the market for national and regional
brands of family flour last week. Packing
line runtimes averaged 5½ days.
Carlot list prices were steady, and a price
increase under consideration a few weeks
earlier remained on ice as wheat prices
eased from their peaks. But wheat prices
remained elevated generally, causing some
manufacturers to delay typical back-toschool
promotions to September.
A 5-lb bag of a national brand of family
flour was listed at suburban Plains grocers
for $3.99, 50¢ higher than the store brand.
The same size at a nearby mass merchandise
retailer was $3.98 for branded and
$1.76 for the store's brand. MBN
Semolina
A lull in new semolina, granulars and
durum flour bookings continued last week
and post-holiday grind was sluggish. Prices
were lowered as durum values eased.
The price of choice hard amber durum
at the Chicago rail gateway for delivery
beyond was $16.25 per bu, 10¢ lower. No
durum traded in significant volumes.
Northern Plains planting delays and tight
world stocks still underpinned prices.
The US Department of Agriculture said
North Dakota durum by June 5 was 62%
seeded (96% a year ago, 95% as the 2017-21
average), and was 28% emerged, well behind
71% as the average. Montana durum was
93% seeded (94% a year earlier) and 70%
emerged (51% as the average).
In the global market, no tenders were
issued, but indications were that North
DURUM AND SEMOLINA
- Change from - Year
June 10 June 3 May 27 ago
Durum
Chicago
Minneapolis
16.25
16.05
-.10
-.10
-.10 10.00
-.10 9.80
No. 1 Hard Amber Durum Choice Milling 13%, Track, $ per bu
Semolina
Semolina
Granulars
Flour
First clear
Second clear
Semolina - NY
June 10
39.05
38.85
38.75
15.00
7.50
42.25
Bulk, f.o.b. Minneapolis, $ per cwt
- Change from - Year
June 3 May 27 ago
-.40
-.40
-.40
-
-
-.40
-.30 23.00
-.30 22.80
-.30 22.70
- 15.00
- 7.50
-.30 26.20
$12.00
$16.00
$20.00
$24.00
$28.00
$32.00
$36.00
JS DM
Previous Year
CRACKER FLOUR, CHICAGO
$11.30
$14.30
$17.30
$20.30
$23.30
$26.30
$29.30
JS DM
Previous Year
Current Year
American durum maintained a premium
over the world market.
The USDA in its June 10 Crop Production
report lowered its forecast for the Arizona
durum crop to 6,077,000 bus, down 295,000
bus from the May projection but up 30%
from 4,680,000 bus in 2021. Total desert
durum production in 2022 (California and
Arizona) was forecast at 8,789,000 bus compared
with 6,880,000 bus in 2021.
Arizona durum on June 5 was 97%
mature (82% as the 2017-21 average) and 42%
harvested (32%).
Pasta manufacturers were in no rush
to lock in semolina coverage reflecting
high durum prices, millers said. While
US durum was off its recent peak of $18.75
a bu in late 2021, it remained above $16
a bu for the ninth straight month and
compared with $10 a bu a year earlier.
Millers said customers had earlier locked
in about 70% of third-quarter needs and
taken 10% to 15% of expected fourthquarter
coverage.
" What worries buyers is prices could go
higher, but in the past when durum prices
have risen so high and so fast, they have
a tendency to turn around and fall just as
quickly, " an Upper Midwest miller said. MBN
bakingbusiness.com
Current Year
$12.00
$18.00
$24.00
$30.00
$36.00
JS DM
Previous Year
Current Year
SPRING STANDARD, MINNEAPOLIS
http://www.bakingbusiness.com
Milling & Baking News - June 14, 2022

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