Milling & Baking News - October 04, 2022 - 43

STATEMENT OF OWNERSHIP
MANAGEMENT AND CIRCULATION
(Requester Publications Only)
TUES | 10 04 2022
1. Publication Title: Milling & Baking News
2. Publication Number: 508300
3. Filing Date: September 23, 2022
4. Issue Frequency: Bi-Weekly
5. No. of issues published annually: 26
6. Annual Subscription Price: $135.00
7. Complete mailing address of known office of publication:
Sosland Companies, Inc., Dustin Pickman,
4801 Main St., Suite 650, Kansas City, Missouri 64112-2513.
8. Complete mailing address of the headquarters or general
business offices of the publisher: Same as above.
9. Full names and complete mailing addresses of publisher,
editor, and managing editor: Publisher: Michael Gude, Sosland
Companies, Inc., 4801 Main St., Suite 650, Kansas City, Missouri
64112-2513. Editor: L. Joshua Sosland, Sosland Companies, Inc.,
same as above. Managing Editor: Eric Schroeder, same as above.
10. Owner: Sosland Companies, Inc., Charles S. Sosland and
L. Joshua Sosland, 4801 Main St., Suite 650, Kansas City,
Missouri 64112-2513.
11. Known bondholders, mortgagees, and other security holders
owning or holding 1 percent or more of total amount of bonds,
mortgages or other securities: None.
12. Tax Status: Has not changed during preceding 12 months.
13. Publication Title: Milling & Baking News
14. Issue Date for Circulation Data Below: September 6, 2022
15. Extent and Nature of Circulation:
Average
No. Copies
Each
Issue During
Preceding
a. Total Number of
Copies (net press run)
b1. Outside country paid/
requested mail subscriptions
stated on PS Form 3541
b2. In-county paid/requested
mail subscriptions stated on
PS form 3541
b3. Sales through dealers and
carriers, street vendors,
counter sales and other paid
or requested distribution
outside USPS
b4. Requested copies distributed
by other mail classes
through the USPS
c. Total paid and/or requested
circulation distribution
d1. Outside County nonrequested
copies stated on PS Form 3541
d2. In-County nonrequested copies
stated on PS Form 3541
d3. Nonrequested copies distributed
through the USPS by
other classes of mail
d4. Nonrequested copies distrbuted
outside the mail
e. Total nonrequested
distibution
f. Total distribution
g. Copies not distributed
h. Total
i.
Percent paid and/or
requested circulation
16. Electronic Copy Circulation
a. Requested and Paid Electronic Copies
b. Total Requested and Paid Print Copies
(Line 15c) + Requested/Paid Electronic
Copies (Line 16a)
c. Total Requested Copy Distribution
(Line 15f) + Requested/Paid
Electronic Copies (Line 16a)
20
87
909
4,606
570
5,176
80%
913
4,610
5,518
d. Percent Paid and/or Requested
Circulation (Both Print & Electronic Copies)
(16b divided by 16c x 100)
84%
17. Publication of Statement of Ownership for a Requester
Publication is required and will be printed in the
October 4, 2022 issue of this publication
42
18. Signature and Title of Editor, Publisher, Business Manager
Dustin Pickman, Audience Development Director - Sept. 23, 2022
I certify that all information furnished on this form is true and
complete. I understand that anyone who furnishes false or
misleading information on this form or who omits material or
information requested on the form may be subject to criminal
sanctions (including fines and imprisonment) and/or civil sanctions
(including civil penalties).
MILLING & BAKING NEWS
11
600
1,241
5,009
654
5,663
75%
1,007
4,775
6,016
79%
I certify that 50% of all my distributed copies (electronic and
print) are legitimate requests or paid copies.
Sosland Sweetener Report
Sweetener Report (1 year subscription) provides
Sosland Publishing's unique U.S. beet and cane sugar
prices, along with in-depth commentary, data and industry
news for domestic, North American and global
sugar markets, U.S. corn sweeteners and related
products. Regular updates on Mexican cane sugar activity,
global production and use information and news from
private sources and government agencies are included, along with sugar futures
prices, comments and charts. The electronic report is published on Wednesdays.
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12 Months
5,176
3,511
No. Copies
of Single
Issue
Published
Nearest to
Filing Date
5,663
3,573
186
3,697
802
195
3,768
630
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The news of grain-based foods
bakingbusiness.com
Bread Industry Perspective
Challenges come at baking
sector from all directions
B
akers over the past year have
confronted a wide range of changing
and confl icting forces, many
unthinkable even three years ago. The
developments precipitating change include
acute labor shortages and cost infl ation,
supply chain disruptions and a rapidly
and unpredictably changing consumer
demand landscape. The resulting maelstrom
has forced bakers to pivot again and
again to keep customers well supplied and
fi nancial balance sheets healthy.
A sampling of the clashing, sometimes
head-scratching forces currently at play in
the bread market:
* Bakers are struggling to keep pace with
demand, but sales volume is decreasing.
* Prices are rising sharply, but consumers
have remained indiff erent toward private
label bread.
* Costs have been surging, but retailers
widely have accommodated price
increases.
* Interest in health and wellness has
been on the rise, but demand for whole
wheat bread has not.
* Institutional customers such as health
care institutions have been frenetically
busy, but their demand for baked foods in
some cases has not kept pace.
Baking industry executives interviewed
by Milling & Baking News off ered varied
perspectives of how their companies are
navigating diffi cult market conditions two
and a half years aſt er industry norms were
upended by the start of the pandemic.
COVID-19 no longer may be an all-consuming
market infl uence, but recovery
from the pandemic for the baking business
varies widely by channel, said Chris Prociv,
senior vice president of marketing,
innovation and research and development
at Aspire Bakeries, Los Angeles.
At the start of the pandemic, Aspire
accelerated a reinvigoration of its La Brea
Bakery Take & Bake par-baked bread
business, an eff ort that had started before
CONTINUED ON PAGE 20
11
INSIDE HOSTESS'
INNOVATION BLUEPRINT
Baby Bundts and Bouncers stand out
as new product success stories and
shining examples of how insight is
driving innovation at Hostess Brands.
13
ABA JOINS BEMA ON
NEXUS INITIATIVE
The event aims to advance the
business needs of the baking
industry by facilitating education and
collaboration.
14
SURPRISES SURFACE IN
SOYBEAN, CORN DATA
Thirty-plus days of above-average
temperatures with little to no rainfall
throughout the Corn Belt led to a
reversal in harvest expectations.
001_MBN_September20_22.indd 1
9/16/2022 9:01:32 AM
TUES | 09 20 2022
MARKETPLACE business network
U.S. and global sweetener
news, data and prices from
Sosland Publishing Company
US cash sugar: Quiet ahead of Sweetener Colloquium
Volume 10, Issue 37
T
he cash sugar market was notably
quiet ahead of the International
Sweetener Colloquium that kicks off
Feb. 27 in Tucson, Ariz. Some traders already
were out of their offices. Prices were steady
while deliveries remained active.
Bulk beet and refined cane sugar prices for
2021-22 were unchanged from a week ago.
Processors offered beet sugar from 41¢ to 42¢
a lb f.o.b. Midwest. Michigan beet sugar was
not being offered. Refined cane sugar was
offered at 52¢ a lb f.o.b. Northeast and West
Coast and around 46¢ to 51¢ a lb f.o.b. Southeast
and Gulf. Spot supplies were limited from
most sellers, and many were not actively seeking
new sales for the current year. One major
cane refiner still had refining capacity available
as it has throughout the season.
Both beet and refined cane sugar deliveries
remained strong across the country as has been
the case since a December lull for some.
Discussions on the sidelines of the Colloquium
will focus on buying and selling sugar
for the 2022-23 marketing year that begins
Oct. 1. It's the first in-person event since 2020.
In the past few years, much of the negotiating
for the new marketing year had been completed
prior to the Colloquium. This year, though,
it appears the event will serve as a kickstart for
next year's sales. Some processors and refiners
have already booked a portion of their prospective
production for 2022-23, but most
appear to be waiting until multiple meetings at
the Colloquium. Even though few sales typically
are concluded during the event, traders
go back to their offices and wrap up contracts
in the days and weeks following.
Pricing for 2022-23 was unchanged from a
week ago. Midwest beet sugar was offered at
39¢ a lb f.o.b. by one processor and from 37¢
to 38¢ by others. Refined cane sugar was
offered at 43¢ a lb f.o.b. in the Southeast and
around 45¢ in the Gulf. Current offers were
modestly under spot values, although buyers
generally can secure prices a cent or more
below offers for volume sales. Not all sellers
were making offered prices public yet, but that
likely will change at the Colloquium.
The US Department of Agriculture will issue
its initial 2022-23 sugar (and other crop) projections
during its virtual Agricultural Outlook
Forum Feb. 24-25. Some in the trade expect
area planted to sugar beets to be down slightly
since some acreage went unharvested in 2021,
and prices for competitive crops are strong. At
the same time, current beet sugar prices and
those being offered for 2022-23 should provide
incentive for strong sugar beet plantings
within cooperative parameters.
The market also was closely watching the
Russia-Ukraine conflict and its impact on
commodities. While the impact on domestic
grain and oilseed futures was quickly apparent,
the impact on sugar will most likely be global
rather than domestic largely due to potentially
increased sugar-based ethanol production
amid soaring energy prices that will leave less
sugar available for export by Brazil.
Sugar futures: World raws higher
No. 11 world raw futures advanced in the holiday-shortened trading week since
last Wednesday. Trading volume was light most days. Nearby prices were seen as
rangebound with insufficient news to push values significantly higher or lower
despite the Russia-Ukraine situation that was having a major impact on several
outside markets. Nearby world raw futures rose to two-week highs on Feb. 23 amid
concerns about production in China and Thailand (although the latter still was
expecting a crop much larger than last year). Also supportive were soaring crude
oil prices that could drive up demand for sugar-based ethanol in Brazil (and some
others countries) and pull down exportable sugar supplies. But limiting gains were
continued active exports by India and uncertainty about demand in some areas.
The spot March contract expires Feb. 28. Futures prices were down 0.10¢ to 0.90¢
a lb from five weeks ago, except for gains in the most deferred months, and prices
were up 0.37¢ to about 2.65¢ a lb from a year ago.
No. 16 domestic raw futures were mixed but mostly lower with only spot May
higher for the week. Trading volume was light and mostly nearby. Prices were
mixed from five weeks ago - lower through November 2022 but higher in 2023
months. Prices were up 5.43¢ to 7.04¢ a lb from a year ago.
Speculative funds raised their net long position in world raw sugar futures and
options by 2,368 lots during the week ended Feb. 16, lifting the total net long to
27,795 lots, according to Commodity Futures Trading Commission data.
1 SoslandSWEETENERReport
February 23, 2022
F.o.b. plant,
cents per lb.
Midwest beet
Michigan beet
Pacic beet
Pacic cane
Northeast cane
South/S.E. cane
Gulf cane
See SweetenerReport.com
for daily sweetener market
commentary and news
US bulk refined beet & cane sugar prices
2021-22*
Feb. 23
1 week
41.00-42.00 - -
No quote
42.00-44.00 - -
52.00
52.00
- -
- -
- -
46.00-51.00 - -
46.00-51.00 - -
*Most offers effec�ve through Sept. 30, 2022.
#16 Domestic raw sugar futures
Cents per lb.
May 2022
July
September
November
May
Feb. 23
35.38
0.18
- Change from -
January 2023 33.30
March
35.50 -0.15
35.67 -0.18
35.40 -0.10
0.00
#11 World raw sugar futures
Cents per lb.
March 2022
May
July
October
March 2023
May
July
Feb. 23
18.53
17.88
17.69
17.82
18.15
17.52
17.08
US #16 and #11 raw sugar futures
Nearby, cents per lb.
13
15
17
19
21
23
25
27
29
31
33
35
37
39
33.20 -0.10
33.20 -0.05
1 week 5 weeks 1 year
-0.72
-1.00
-0.88
-0.05
0.85
0.75
0.75
5.43
5.75
5.92
7.04
5.76
5.66
5.66
- Change from -
1 week 5 weeks 1 year
-0.54
-0.90
-0.82
-0.57
-0.30
-0.10
0.01
0.46
0.32
0.22
0.16
0.14
0.15
0.18
0.37
0.71
1.22
1.71
1.99
2.35
2.64
- Change from -
1 year
+4.5 to +5.5
- -
+4 to +5
+9 to +10
+10
+7.5 to +11.5
+8 to +11.5
#16
#11
02/24/21
03/24/21
04/21/21
05/19/21
06/16/21
07/14/21
08/11/21
09/08/21
10/06/21
11/03/21
12/01/21
12/29/21
01/26/22
02/23/22
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Milling & Baking News - October 04, 2022

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