Milling & Baking News - May 3, 2022 - 48

MARKET trends
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
Bulk, f.o.b. car, per cwt
TUES | 05 03 2022
BAKERS STANDARD, KANSAS CITY
Bakery Flour
Business in bakery flour was steady last
week after expanding the week before. Price
adjustments were mixed with hard winterspring
blends and soft flours lower and
spring grade prices higher.
Bookings in the week across all flour
grades again equated to about two days'
worth of grind, a miller said, with ¾ day
devoted to fill-in-type spot sales of soft flour
to bakers keen on bringing their coverage
closer to normal levels.
" It seems like some markets continue to be
really tight while other markets are loosening
up, " a miller said.
Some bakers and food manufacturers saw
opportunities early in the week as the hard
red winter wheat basis eased before it rolled
to the July future.
But as another miller noted, " Basis can
move a dime or so lower, but that doesn't
really have a big effect when we're flirting
with $12 futures. We've seen a little spring
wheat and soft wheat basis booking, but not
much hard red. "
Buyers last week included distributors,
manufacturers of freezer-aisles goods, and
suppliers of mid-size chicken restaurant
chains.
Current-quarter coverage was estimated
at 75% for spring grades, 70% for pan-bread
flour and 65% for soft flour. For the JulySeptember
period, spring grades' coverage
was steady at 40%, pan-bread flour edged
up to 40%, and soft flour coverage took a
BAKERY FLOUR
Apr. 29 Apr. 22
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
48 MILLING & BAKING NEWS
30.70 -0.85
Bakers standard patent 30.60 -0.85
Second clear
8.85
-
29.45 0.50
29.35 0.50
30.35 0.50
29.35 0.50
29.70 0.50
29.20 0.50
29.10 0.50
23.95
-
24.25 -0.45
25.75 -0.45
33.10 -0.85
31.95 0.55
32.95 0.55
27.75 -0.45
26.45
-
37.90 -0.85
38.00 -0.85
- Change from - Year
Apr. 14 ago
-1.00 19.75
-1.00 19.65
- 8.85
0.80 19.65
0.80 19.55
0.80 20.55
0.80 19.55
0.80 19.90
0.80 19.40
0.80 19.30
-0.15 17.80
-1.20 18.40
-1.20 19.90
-1.00 22.15
1.05 21.85
1.05 22.85
-1.20 21.90
-0.15 20.30
-1.00 23.85
-1.00 23.90
leap to about 65% covered. For the fourth
quarter, coverage was about 10% for all
three grades, representing an increase for
soft flour. MBN
Family Flour
Sales and shipments of national and
regional brands of family flour remained
firmly lodged in the spring doldrums
last week. Carlot list prices were left
unchanged.
Retail prices continued to vary widely by
region, store, and brand. No sales promotions
were noted at Central Plains groceries,
where a 5-lb bag of a national brand was
listed for $3.49 next to a private labeled
bag of the same size for $3.49. At a mass
merchandiser location nearby, 5-lb bags
of the same national brand listed for $2.98
compared with the store's brand in the same
size for $1.56.
Private label coverage was through the
crop year for nearly all customers, millers
said, with some having locked in coverage
through August or September. MBN
Semolina
Bookings of semolina, granulars and
durum flour were light last week. Prices
were steady.
Pasta manufacturers, having booked the
current quarter earlier, were estimated to
have 50% to 70% of third quarter needs on
the books. For October-December, coverage
ranged from 10% to 25%.
The price of choice milling hard amber
durum as quoted at the Chicago rail gateway
for delivery beyond was $16.25 a bu,
unchanged for the past five weeks, down
$2.50 from December's high but up $7.30 per
bu from a year earlier.
The cash durum market remained inactive
with durum mills sustaining grind by
drawing on their own inventories and taking
delivery of supplies purchased earlier.
DURUM AND SEMOLINA
- Change from - Year
Apr. 29 Apr. 22 Apr. 14 ago
Durum
Chicago
Minneapolis
16.25
16.05
-
-
- 8.95
- 8.65
No. 1 Hard Amber Durum Choice Milling 13%, Track, $ per bu
Semolina
Semolina
Granulars
Flour
First clear
Second clear
Semolina - NY
Apr. 29
38.95
38.75
38.65
15.00
7.50
42.15
Bulk, f.o.b. Minneapolis, $ per cwt
- Change from - Year
Apr. 22 Apr. 14 ago
-
-
-
-
-
-
-.10 21.20
-.10 21.00
-.10 20.90
- 15.00
- 7.50
-.10 24.40
$12.00
$16.00
$20.00
$24.00
$28.00
$32.00
AJ OJ
Previous Year
Current Year
SPRING STANDARD, MINNEAPOLIS
$12.00
$16.00
$20.00
$24.00
$28.00
$32.00
AJ OJ
Previous Year
CRACKER FLOUR, CHICAGO
$11.30
$14.30
$17.30
$20.30
$23.30
$26.30
$29.30
AJ OJ
Previous Year
Current Year
What little durum may be left on farms was
in strong hands.
Market participants remained nervous
about planting. Western North Dakota and
adjacent Montana land where durum is typically
seeded received less snow than central
and eastern North Dakota, but cool temperatures
were hanging on.
Durum areas in the Northern Plains and
Canadian Prairies remained in drought. The
USDA's appraisal of the April 26 Drought
Monitor indicated 76% of US durum wheat
production areas were in drought.
" Precipitation is welcomed, but planting
delays are moving from back of the market's
mind to the front, " a miller said.
The US Department of Agriculture in
Fargo said North Dakota durum was 1%
planted by April 24, well behind 10% a year
earlier and compared with 4% as the recent
five-year average for the date. The USDA
in Helena said Montana durum was 5%
planted by that date, slightly behind 7% a
year earlier and 6% as the 2017-21 average
for the date.
Statistics Canada forecast Canadian area
seeded to durum wheat in 2022 at 6.224
million acres, up 12.5% from 2021 and up 9%
from 2020. MBN
bakingbusiness.com
Current Year
http://www.bakingbusiness.com
Milling & Baking News - May 3, 2022

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