Milling & Baking News - September 7, 2021 - 40

MARKET trends
TUES | 09 07 202 1
BAKERS STANDARD, KANSAS CITY
Bakery Flour
Bookings of bakery flour expanded last
week. Prices were lowered.
One major baker stepped in to add some
forward coverage in small volumes. But a wide
range of customers stepped in to bring coverage
for the current quarter nearly to completion.
Included were " bread bakers of all sorts, "
one miller said. Sales to mid-size bread bakers,
many in the Northeast, were common.
" The Northeast has been on a wild ride, "
a miller said. " Buyers there are asking 'who
can get me flour?' and the answer has been
diversification. Flour supply to individual
Northeast bakers is going to be diversified
between several suppliers, and we've sold to
some for the first time. Trucks are so tight
up there, so it takes creativity to make it
happen. "
Cookie-cracker and specialty bakers
extended coverage, focusing mostly on the
fourth quarter. Consumer packaged goods
makers " booked flour for the first time in a
long time, " a miller said, including makers of
sweet goods, frozen meals, frozen desserts
and parbaked products.
Flat pricing comprised the bulk of sales.
Wheat futures have trended lower since
peaking in mid-August, but prices remained
high. The 2021 spring wheat crop, which
developed in drought, led to supply concerns
that continued to underpin futures.
The Kansas City basis took a step higher
across the bottom half of the protein scale.
The Minneapolis basis saw mixed changes.
BAKERY FLOUR
- Change from - Year
Sept. 3 Aug. 27 Aug. 20 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
20.15 -0.05
Bakers standard patent 20.05 -0.05
Second clear
8.85
-
0.15 14.75
0.15 14.65
- 8.85
21.75 -0.20 -0.55 15.30
21.65 -0.20 -0.55 15.20
22.65 -0.20 -0.55 16.20
21.65 -0.20 -0.55 15.20
22.00 -0.20 -0.55 15.55
21.50
-0.20 -0.55 15.05
21.40 -0.20 -0.55 14.95
16.55 0.05 -0.60 19.60
14.75 -0.30 -0.70 14.30
16.25 -0.30 -0.70 15.80
22.55 -0.05
0.15
17.15
24.65 -0.35 -0.50 17.70
25.65 -0.35 -0.50 18.70
18.25 -0.30 -0.70 17.80
19.05 0.05 -0.60 22.10
24.25 -0.05
24.30 -0.05
0.15 19.35
0.15 19.40
Durum
Chicago
Minneapolis
Millfeed prices were mixed. Most markets
added a nearby holiday premium, but
deferred periods mostly eased in light trading
and pressure from corn futures.
Booking for the current quarter was
essentially completed at about 95%, the
remainder falling to distributors and other
week-to-week buyers. Pan-bread and spring
grade flour users have booked about 65% of
October-December coverage. Added purchases
last week brought soft flour buyers to
about 55%. For the first quarter of 2022, coverage
was essentially flat at 35% for pan-bread
and spring grade flours, and 25% for soft
flours. April-June 2022 balances, too, were
unchanged at about 20% for spring grade
users, 15% for pan-bread bakers and 10% for
cookie-cracker and specialty bakers. MBN
Family Flour
Sales and shipments of national and
regional brands of family flour continued
to pick up last week as families around the
United States reestablished post-vacation
mealtimes at the start of school.
A central Plains miller said grocery
chains were stocking warehouses earlier
than the usual Labor Day kickoff of the
fall baking season. Orders were " not what
they'll be in November, " he said, but demand
uncertainty linked to rising cases of the
coronavirus Delta variant had grocers
building inventory as a precaution even as
there were no indications of binge buying.
One flour manufacturer said sales were
2% to 3% higher than the same week in 2019,
the last normal year for comparison.
In the market for private label flour,
nearly all customers were covered through
December. Most were keen to wait and watch
the seeding of the winter wheat crop before
extending further. MBN
Semolina
Bookings of semolina, granulars and
DURUM AND SEMOLINA
- Change from - Year
Sept. 3 Aug. 27 Aug. 20 ago
19.50 +1.50 +3.25
No. 1 Hard Amber Durum Choice Milling 13%, Track, $ per bu
Semolina
Sept. 3
Semolina
Granulars
Flour
First clear
Second clear
Semolina - NY
- Change from - Year
Aug. 27 Aug. 20 ago
47.50 +3.75
47.30 +3.75
47.20 +3.75
15.00
7.50
-
-
50.70 +3.75
Bulk, f.o.b. Minneapolis, $ per cwt
+7.75 19.55
+7.75 19.35
+7.75 19.25
- 14.00
- 7.00
+7.75 22.75
8.15
19.30 +1.50 +3.25 7.85
CRACKER FLOUR, CHICAGO
$11.30
$14.30
$17.30
$20.30
SD MJ
Previous Year
Bulk, f.o.b. car, per cwt
durum flour remained light last week.
Prices again shot higher along with the
nominal durum price.
The price of choice milling hard amber
durum as quoted at the Chicago rail gateway
for delivery beyond was a nominal $19.50 a
bu, up $1.50 from the previous week. Durum
traded in minute volumes at $20 per bu. But
the nominal price for the wider market came
from higher elevator bids to farmers and
" indications of offers " from sellers willing to
negotiate in a higher range.
Pasta manufacturers had " 0% interest " in
extending coverage, a miller said, having
earlier locked in the current quarter and an
estimated 85% to 95% for the fourth quarter.
First-quarter coverage was estimated at 15%
to 20%.
Manufacturers that can use more spring
wheat in their blends were expected to
" maximize that this year, " a miller said, on
expectations of a small durum crop that
will force US pasta makers to rely more on
imported supplies.
Light offtake from pasta makers with
ample semolina on hand and plenty of finished
product in warehouses kept durum
mills running 4½ to 5 days. MBN
bakingbusiness.com
Current Year
$12.50
$14.50
$16.50
$18.50
$20.50
$22.50
SD MJ
Previous Year
Bulk, f.o.b. car, per cwt
SPRING STANDARD, MINNEAPOLIS
$12.00
$14.00
$16.00
$18.00
$20.00
$22.00
$24.00
SD MJ
Previous Year
Bulk, f.o.b. car, per cwt
Current Year
Current Year
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Milling & Baking News - September 7, 2021

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