Milling & Baking News - April 24, 2018 - 40

Ingredient Week

Bakery Flour
Bookings of bakery flour were limited
last week. Prices were lowered.
Individual bakers assembled final
component pieces to complete May-June
contracts. Flour coverage for the second
quarter now was nearly complete. Increasingly it seemed only distributors
and those few bakers who book month
to month had gaps in second-quarter
coverage yet to fill.
Inquiry was active for July-September,
but new bookings for the period were
limited. Third-quarter coverage spanned
a range of 10% to 50% depending on
the individual baker and flour grade
booked, according to one miller.
Generally, spring grade flour coverage remained more extensive in the
third quarter than that seen in pan bread
flour or soft flour. For spring grade users, most of the third-quarter purchases
would involve flour milled from the
2017 crop, whose qualities and characteristics were known; whereas, bakers
using flour milled from winter wheat
will be adjusting their formulations to
correspond with the new crop's protein
average and other qualities in the midto late summer. Bakers will monitor their
coverage for the third quarter with this
in mind.
Pan-bread bakers still found the historically strong hard red winter wheat
cash basis off-putting, and this remained
a major obstacle to bakers assuming a
more aggressive stance with regard to
booking at least the first several weeks

Bakery ﬂour

Family Flour
Sales of national and regional brands
of family flour were seasonally sluggish
last week. Carlot list prices were unchanged.
Manufacturers were resigned to a
routine pace of business during the next
several weeks. The next occasion that
typically generates an increase in home
baking is the approach of a new school
year. It won't be long before manufacturers begin to consider marketing initiatives for beyond the summer.
Private label users earlier booked their
flour needs through June or even July
but were refraining from extending contract balances further while they awaited
new crop wheat developments. MBN

Semolina
Bookings of semolina, granulars and
durum flour were light last week. Prices
declined primarily in response to a hike
in millfeed values as cash durum prices
themselves were unchanged.
The price of choice milling hard amber
durum as quoted at the Chicago gateway for delivery beyond remained $8.25
a bu. Pricing has held within a 10c range
for the past six weeks. The Minneapolis
price was $7.95 a bu. Helping cap cash

durum prices were ongoing shipments
of Canadian durum to U.S. mills.
The U.S. market may appear increasingly attractive to Canadian growers and exporters in view of a drop in exports to Italy,
where pasta manufacturers were under
consumer pressure to decrease imports
from Canada because of concerns they
main contain trace levels of glyphosate.
Canadian shipments to the United
States may be interrupted, though,
should Canadian Pacific conductors and
locomotive engineers strike in coming
days as was threatened.
Durum mill grind was about 5½ days
last week.
Because of snow cover and belowaverage temperatures, durum planting
was yet to begin in the northern Plains
as of April 15.
The U.S.D.A. office in Arizona indicated 67% of the durum crop in the state
was heading by April 15 compared with
44% a week earlier and 45% on the same
date last year. Five per cent of durum
was mature versus 11% a year ago. The
crop's condition was rated 83% good to
excellent and 17% fair compared with
70% good to excellent, 25% fair and 5%
poor a week earlier. The five-year average condition rating for the date was
91% good to excellent and 9% fair. MBN

Bakers standard, Kansas City
Bulk, f.o.b. car, $ per cwt
$19.00
$17.00
$15.00

No. 1 hard amber durum

Bulk, f.o.b. car, $ per cwt
- Change from - Year
Apr. 20 Apr. 13
Apr. 6 ago
Kansas City
Bakers short patent
Bakers standard patent
Second clear
Third clear
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
40 / April 24, 2018

of the third quarter. At 141c over the K.C.
May future, the basis on 12%-protein
hard red winter wheat in Kansas City
compared with 55c a year earlier.
Flour mill grind remained weak and
averaged only about 5 to 5½ days. MBN

Track, Chicago
$ per bu
Apr. 20
Choice milling 13% 8.25

- Change from - Year
Apr. 13 Apr. 6 ago
-
-.05
8.20

-0.30
-0.30
-
...

-0.50
-0.50
-
...

12.95
12.85
8.85
...

Track, Minneapolis
$ per bu

17.15
17.05
20.05
17.05
17.40
16.90
16.80
13.90

-0.40
-0.40
-0.40
-0.40
-0.40
-0.40
-0.40
-0.50

-0.20
-0.20
-0.20
-0.20
-0.20
-0.20
-0.20
-0.70

15.00
14.90
17.90
14.90
15.25
14.75
14.65
14.85

Bulk, f.o.b. Minneapolis, $ per cwt
- Change from -
Apr. 20 Apr. 13 Apr. 6
Semolina
19.85
-.30
-.60
Granulars
19.65
-.30
-.60
Flour
19.55
-.30
-.60
First clear
15.50
-
-
Second clear
8.50
-
-
Semolina - N.Y. 23.05
-.30
-.60

12.30
13.80

-0.55
-0.55

-0.85
-0.85

11.30
12.80

17.95
19.10
22.10
15.80
16.40

-0.30
-0.30
-0.30
-0.55
-0.50

-0.50
-
-
-0.85
-0.70

15.35
16.95
19.95
14.80
17.35

20.35
20.40

-0.50
-0.50

-0.70
-0.70

17.95
18.00

Milling & Baking News

$11.00
A

O
Previous Year

15.55
15.45
8.85
...

Choice milling 13% 7.95

$13.00

J
Current Year

Spring standard, Minneapolis
-

-.05

7.90

Bulk, f.o.b. car, $ per cwt
$22.00

Semolina

$20.00

Year
ago
20.35
20.15
20.05
16.00
12.00
23.55

Nationally advertised family ﬂour

$18.00
$16.00
$14.00
$12.00
A

O
Previous Year

J
Current Year

Cracker ﬂour, Chicago
Bulk, f.o.b. car, $ per cwt
$15.50

Dollars
Apr. 20
Family patent, 2-25s papers 24.12
4-10s
n.a.
8-5s
18.52
18-2s
20.64
Self-rising
n.a.

Year ago
24.12
n.a.
18.52
20.64
n.a.

$13.50
$11.50
$9.50
A

O
Previous Year

J
Current Year

bakingbusiness.com / world-grain.com

http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - April 24, 2018

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