Food Business News - June 12, 2018 - 46

INGREDIENT MARKETS

Sweeteners
Domestic bulk refined sugar sales
slowed from the brisk pace of activity
seen a week earlier due in part to buyers
and sellers attending the annual Sosland
Purchasing Seminar. Prices were unchanged.
Beet sugar offers for 2018-19 held at
34c a lb f.o.b. Midwest. Some sales to larger buyers continued at 33.5c a lb, but most
activity was at 34c. Indications were that
beet prices likely will be raised once processors pass a certain level of sales, due in

Beet and cane sugar
f.o.b. plant, cents per lb

- Change from -
June 8
June 1 May 25
Midwest beet
36.00
-
-
Pacific beet*
40.00 @ 41.00
-
-
Northeast cane** 37.00 @ 38.00
-
-

Year
ago
30.50
35.00
36.00

*Delivered **Spot raw plus 7% plus 9.4c with 2% cash discount.

Raw cane
Delivered refiner, cents per lb
- Change from -
Contract
June 8 June 1 May 25
Nearby
26.25
+1.30 +1.75
July-September
25.90
+.50
+.91
October-December
25.85
-
-.03
January-March
26.10
+.15
+.21
April-June
26.10
+.10
+.21
July-September
26.20
+.05
+.05

Year
ago
27.85
27.80
27.55
26.85
26.80
26.75

part to expected lower sugar beet production in 2018. Sugar booked for 2018-19
held at around 40% to 50% of potential,
well behind 65% to 75% at the same time
last year, when pricing was around 31c a
lb f.o.b. Midwest and firming.
Refined cane sugar for 2018-19 was
offered at 35c to 36c a lb f.o.b. Southeast,
33.50c to 34.50c a lb f.o.b. Gulf and 36c to
37c a lb f.o.b. Northeast, all unchanged
from a week earlier.
Sugar beet crops were progressing well after a late start to planting in
some states. Beet crop good-to-excellent
ratings in the few states reporting were
85% in Idaho, 93% in Michigan, 60% in
Colorado, 45% in Montana (52% fair),
70% in Washington and 60% in Oregon
(all good), according to state U.S. Department of Agriculture offices.
The condition of Louisiana's sugar
cane crop was little changed from a week
earlier but well below year-ago levels.
Beet and cane sugar prices for the
current year through Sept. 30 were unchanged and nominal with most buyers

Sweeteners
Delivered basis, cents per lb
42% HFCS spot price1

Midwest
Northeast
Southeast
Southwest
West

June 8
24¾ @ 25¾
26¼ @ 27¼
26½ @ 27½
26 @ 27
26¾ @ 28¾

Year ago
237/8@ 247/8
25¼ @ 26¼
253/8@ 263/8
25 @ 26
257/8@ 277/8

55% HFCS spot price1

Midwest
Northeast
Southeast
Southwest
West

June 8
30¼ @ 31¾
31¾ @ 33¼
31¾ @ 33¾
31½ @ 33
32¼ @ 34¾

Year ago
29¼ @ 30¼
30¾ @ 31¾
30¾ @ 31¾
30½ @ 31½
31¼ @ 33¼

Regular
corn
syrup2
35.25
37.50
37.50
38.50
39.50

East
Midwest
West

1-Variations in prices often tied to tank car versus truck deliveries. Prices are the lowest available to the publication. 2-Regular 42 DE/43 Baume, f.o.b. tank cars, trucks

46

Food Business News

Dextrose
39.50@41.00
38.50@40.00
41.50@43.00

well covered and most beet processors
sold out. Tight supplies are expected in
the July-September quarter, although
demand also should be light.
Craig Ruffolo, vice-president,
McKeany-Flavell Co., at the Sosland
Purchasing Seminar on June 4, forecast
flat refined cane sugar prices in 2019
and firmer beet sugar prices. Despite
adequate raw cane supplies, he said
refined cane sugar supplies may tighten
as the year progresses due to limited raw
sugar refining days, keeping cane prices
above beet sugar prices, adding that cane
refiners need orders to keep refineries
running at an adequate capacity. He also
suggested the U.S.D.A. was too high in
its forecasts for sugar deliveries for food,
a sentiment that has been echoed by others in the industry.
New offers of refined cane sugar
from Mexico continued to be lacking.
Corn sweetener markets were quiet
last week. The U.S. corn crop was off to a
strong start.
Mr. Ruffolo forecast flat prices for
42% high-fructose corn syrup in 2019
and higher prices for glucose, which remained in strong demand as a functional
ingredient. He noted ongoing overcapacity in the corn refining sector and
indicated further consolidation may be
needed. He said demand for 42% HFCS
continued to weaken and demand for
55% HFCS was flat domestically and supported by export demand to Mexico. FBN

June 12, 2018


http://www.sweetenersupply.com

Table of Contents for the Digital Edition of Food Business News - June 12, 2018

http://digital.foodbusinessnews.net/sosland/fbn/2019_05_14
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_30
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_16
http://digital.foodbusinessnews.net/sosland/fbn/2019_04_02
http://digital.foodbusinessnews.net/sosland/fbn/2019_03_19
http://digital.foodbusinessnews.net/sosland/fbn/2019_03_05
http://digital.foodbusinessnews.net/sosland/fbn/2019_02_19
http://digital.foodbusinessnews.net/sosland/fbn/2019_02_05
http://digital.foodbusinessnews.net/sosland/fbn/2019_01_22
http://digital.foodbusinessnews.net/sosland/fbn/2019_1_8
http://digital.foodbusinessnews.net/sosland/fbn/2018_12_25
http://digital.foodbusinessnews.net/sosland/fbn/2018_12_11
http://digital.foodbusinessnews.net/sosland/fbn/2018_11_27
http://digital.foodbusinessnews.net/sosland/fbn/2018_11_13
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_30
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_16
http://digital.foodbusinessnews.net/sosland/fbn/2018_10_02
http://digital.foodbusinessnews.net/sosland/fbn/2018_09_18
http://digital.foodbusinessnews.net/sosland/fbn/2018_09_04
http://digital.foodbusinessnews.net/sosland/fbn/2018_08_21
http://digital.foodbusinessnews.net/sosland/fbn/2018_08_07
http://digital.foodbusinessnews.net/sosland/fbn/2018_07_24
http://digital.foodbusinessnews.net/sosland/fbn/2018_07_10
http://digital.foodbusinessnews.net/sosland/fbn/2018_06_26
http://digital.foodbusinessnews.net/sosland/fbn/2018_06_12
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_29
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_15
http://digital.foodbusinessnews.net/sosland/fbn/2018_05_01
http://digital.foodbusinessnews.net/sosland/fbn/2018_04_17
http://digital.foodbusinessnews.net/sosland/fbn/fbn_2018_04_03
http://digital.foodbusinessnews.net/sosland/fbn/2018_03_20
http://www.nxtbook.com/sosland/fbn/2018_03_06
http://www.nxtbook.com/sosland/fbn/2018_02_20
http://www.nxtbook.com/sosland/fbn/2018_02_06
http://www.nxtbook.com/sosland/fbn/2018_01_23
http://www.nxtbook.com/sosland/fbn/2018_01_09
http://www.nxtbook.com/sosland/fbn/2017_12_26
http://www.nxtbook.com/sosland/fbn/2017_12_12
http://www.nxtbook.com/sosland/fbn/2017_11_28
http://www.nxtbook.com/sosland/fbn/2017_11_14
http://www.nxtbook.com/sosland/fbn/2017_10_31
http://www.nxtbook.com/sosland/fbn/2017_10_17
http://www.nxtbook.com/sosland/fbn/2017_10_03
http://www.nxtbook.com/sosland/fbn/2017_09_19
http://www.nxtbook.com/sosland/fbn/2017_09_05
http://www.nxtbook.com/sosland/fbn/2017_08_22
http://www.nxtbook.com/sosland/fbn/2017_08_08
http://www.nxtbook.com/sosland/fbn/2017_07_25
http://www.nxtbook.com/sosland/fbn/2017_07_11
http://www.nxtbook.com/sosland/fbn/2017_06_27
http://www.nxtbook.com/sosland/fbn/2017_06_13
http://www.nxtbook.com/sosland/fbn/2017_05_30
http://www.nxtbook.com/sosland/fbn/2017_05_16
http://www.nxtbook.com/sosland/fbn/2017_05_02
http://www.nxtbook.com/sosland/fbn/2017_04_18
http://www.nxtbook.com/sosland/fbn/2017_04_04
http://www.nxtbook.com/sosland/fbn/2017_03_21
http://www.nxtbook.com/sosland/fbn/2017_03_07
http://www.nxtbook.com/sosland/fbn/2017_02_21
http://www.nxtbook.com/sosland/fbn/2017_02_07
http://www.nxtbook.com/sosland/fbn/2017_01_24
http://www.nxtbook.com/sosland/fbn/2017_01_10
http://www.nxtbook.com/sosland/fbn/2016_12_27
http://www.nxtbook.com/sosland/fbn/2016_12_13
http://www.nxtbook.com/sosland/fbn/2016_11_29
http://www.nxtbook.com/sosland/fbn/2016_11_15
http://www.nxtbook.com/sosland/fbn/2016_11_01
http://www.nxtbook.com/sosland/fbn/2016_10_18
http://www.nxtbook.com/sosland/fbn/2016_10_04
http://www.nxtbook.com/sosland/fbn/2016_09_20
http://www.nxtbook.com/sosland/fbn/2016_09_06
http://www.nxtbook.com/sosland/fbn/2016_08_23
http://www.nxtbook.com/sosland/fbn/2016_08_09
http://www.nxtbook.com/sosland/fbn/2016_07_26
http://www.nxtbook.com/sosland/fbn/2016_07_12
http://www.nxtbook.com/sosland/fbn/2016_06_28
http://www.nxtbook.com/sosland/fbn/2016_06_14
http://www.nxtbook.com/sosland/fbn/2016_05_31
http://www.nxtbook.com/sosland/fbn/2016_05_17
http://www.nxtbook.com/sosland/fbn/2016_05_03
http://www.nxtbook.com/sosland/fbn/2016_04_19
http://www.nxtbook.com/sosland/fbn/2016_04_05
http://www.nxtbook.com/sosland/fbn/2016_03_22
http://www.nxtbook.com/sosland/fbn/2016_03_08
http://www.nxtbook.com/sosland/fbn/2016_02_23
http://www.nxtbook.com/sosland/fbn/2016_02_09
http://www.nxtbook.com/sosland/fbn/2016_01_26
http://www.nxtbook.com/sosland/fbn/2016_01_12
http://www.nxtbook.com/sosland/fbn/2015_12_29
http://www.nxtbook.com/sosland/fbn/2015_12_15
http://www.nxtbook.com/sosland/fbn/2015_12_01
http://www.nxtbook.com/sosland/fbn/2015_11_17
http://www.nxtbook.com/sosland/fbn/2015_11_03
http://www.nxtbook.com/sosland/fbn/2015_10_20
http://www.nxtbook.com/sosland/fbn/2015_10_06
http://www.nxtbook.com/sosland/fbn/2015_09_22
http://digital.foodbusinessnews.net/sosland/fbn/09_08_2015
http://www.nxtbook.com/sosland/fbn/2015_08_25
http://www.nxtbook.com/sosland/fbn/2015_08_11
http://www.nxtbook.com/sosland/fbn/2015_07_28
http://www.nxtbook.com/sosland/fbn/2015_07_14
http://www.nxtbook.com/sosland/fbn/2015_06_30
http://www.nxtbook.com/sosland/fbn/2015_06_16
http://www.nxtbook.com/sosland/fbn/2015_06_02
http://www.nxtbook.com/sosland/fbn/2015_05_19
http://www.nxtbook.com/sosland/fbn/2015_05_05
http://www.nxtbook.com/sosland/fbn/2015_04_21
http://www.nxtbook.com/sosland/fbn/2015_04_07
http://www.nxtbook.com/sosland/fbn/2015_03_24
http://www.nxtbook.com/sosland/fbn/2015_03_10
http://www.nxtbook.com/sosland/fbn/fbn/2015_02_24
http://www.nxtbook.com/sosland/fbn/2015_02_10
http://www.nxtbook.com/sosland/fbn/2015_01_27
http://www.nxtbook.com/sosland/fbn/2015_01_13
http://www.nxtbook.com/sosland/fbn/2014_12_30
http://www.nxtbook.com/sosland/fbn/2014_12_16
http://www.nxtbook.com/sosland/fbn/2014_12_02
http://www.nxtbook.com/sosland/fbn/2014_11_18
http://www.nxtbook.com/sosland/fbn/2014_11_04
http://www.nxtbook.com/sosland/fbn/2014_10_21
http://www.nxtbook.com/sosland/fbn/2014_10_07
http://www.nxtbook.com/sosland/fbn/2014_09_23
http://www.nxtbook.com/sosland/fbn/2014_09_09
http://www.nxtbook.com/sosland/fbn/2014_08_26
http://www.nxtbook.com/sosland/fbn/2014_08_12
http://www.nxtbook.com/sosland/fbn/2014_07_29
http://www.nxtbook.com/sosland/fbn/2014_07_15
http://www.nxtbook.com/sosland/fbn/2014_07_01
http://www.nxtbook.com/sosland/fbn/2014_06_17
http://www.nxtbook.com/sosland/fbn/2014_06_03
http://www.nxtbook.com/sosland/fbn/2014_05_20
http://www.nxtbook.com/sosland/fbn/2014_05_06
http://www.nxtbook.com/sosland/fbn/2014_04_22
http://www.nxtbook.com/sosland/fbn/2014_04_08
http://www.nxtbook.com/sosland/fbn/2014_03_25
http://www.nxtbook.com/sosland/fbn/2014_03_11
http://www.nxtbook.com/sosland/fbn/2014_02_25
http://www.nxtbook.com/sosland/fbn/2014_02_11
http://www.nxtbook.com/sosland/fbn/2014_01_28
http://www.nxtbook.com/sosland/fbn/2014_01_14
http://www.nxtbook.com/sosland/fbn/2013_12_31
http://www.nxtbook.com/sosland/fbn/2013_12_17
http://www.nxtbook.com/sosland/fbn/2013_12_03
http://digital.foodbusinessnews.net/sosland/fbn/2013_11_19
http://digital.foodbusinessnews.net/sosland/fbn/2013_11_05
http://digital.foodbusinessnews.net/sosland/fbn/2013_10_22
http://digital.foodbusinessnews.net/sosland/fbn/2013_10_08
http://digital.foodbusinessnews.net/sosland/fbn/2013_09_24
http://digital.foodbusinessnews.net/sosland/fbn/2013_09_10
http://digital.foodbusinessnews.net/sosland/fbn/2013_08_27
http://digital.foodbusinessnews.net/sosland/fbn/2013_08_13
http://digital.foodbusinessnews.net/sosland/fbn/2013_07_30
http://www.nxtbook.com/sosland/fbn/2013_07_16
http://www.nxtbook.com/sosland/fbn/2013_07_02
http://www.nxtbook.com/sosland/fbn/2013_06_18
http://www.nxtbook.com/sosland/fbn/2013_06_04
http://www.nxtbook.com/sosland/fbn/2013_05_21
http://www.nxtbook.com/sosland/fbn/2013_05_07
http://www.nxtbook.com/sosland/fbn/2013_04_23
http://www.nxtbook.com/sosland/fbn/2013_04_09
http://www.nxtbook.com/sosland/fbn/2013_03_26
http://www.nxtbook.com/sosland/fbn/2013_03_12
http://www.nxtbook.com/sosland/fbn/2013_02_26
http://www.nxtbook.com/sosland/fbn/2013_02_12
http://www.nxtbook.com/sosland/fbn/2013_01_29
http://www.nxtbook.com/sosland/fbn/2013_01_15
http://www.nxtbook.com/sosland/fbn/2013_01_01
http://www.nxtbook.com/sosland/fbn/2012_12_18
http://www.nxtbook.com/sosland/fbn/2012_12_04
http://www.nxtbook.com/sosland/fbn/2012_11_20
http://www.nxtbook.com/sosland/fbn/2012_11_06
http://www.nxtbook.com/sosland/fbn/2012_10_23
http://www.nxtbook.com/sosland/fbn/2012_10_09
http://www.nxtbook.com/sosland/fbn/2012_09_25
http://www.nxtbook.com/sosland/fbn/2012_09_11
http://www.nxtbook.com/sosland/fbn/2012_08_28
http://www.nxtbook.com/sosland/fbn/2012_08_14
http://www.nxtbook.com/sosland/fbn/2012_07_31
http://www.nxtbook.com/sosland/fbn/2012_07_17
http://www.nxtbook.com/sosland/fbn/2012_07_03
http://www.nxtbook.com/sosland/fbn/2012_06_19
http://www.nxtbook.com/sosland/fbn/2012_06_05
http://www.nxtbook.com/sosland/fbn/2012_05_22
http://www.nxtbook.com/sosland/fbn/2012_05_08
http://www.nxtbook.com/sosland/fbn/2012_04_24
http://www.nxtbook.com/sosland/fbn/2012_04_10
http://www.nxtbook.com/sosland/fbn/2012_03_27
http://www.nxtbook.com/sosland/fbn/2012_03_13
http://www.nxtbook.com/sosland/fbn/2012_02_28
http://www.nxtbook.com/sosland/fbn/2012_02_14
http://www.nxtbook.com/sosland/fbn/2012_01_31
http://www.nxtbook.com/sosland/fbn/2012_01_17
http://www.nxtbook.com/sosland/fbn/2012_01_03
http://www.nxtbook.com/sosland/fbn/2011_12_20
http://www.nxtbook.com/sosland/fbn/2011_12_06
http://www.nxtbook.com/sosland/fbn/2011_11_22
http://www.nxtbook.com/sosland/fbn/2011_11_08
http://www.nxtbook.com/sosland/fbn/2011_10_25
http://www.nxtbook.com/sosland/fbn/2011_10_11
http://www.nxtbook.com/sosland/fbn/2011_09_27
http://www.nxtbook.com/sosland/fbn/2011_09_13
http://www.nxtbook.com/sosland/fbn/2011_08_30
http://www.nxtbook.com/sosland/fbn/2011_08_16
http://www.nxtbook.com/sosland/fbn/2011_08_02
http://www.nxtbook.com/sosland/fbn/2011_07_19
http://www.nxtbook.com/sosland/fbn/2011_07_05
http://www.nxtbook.com/sosland/fbn/2011_06_21
http://www.nxtbook.com/sosland/fbn/2011_06_07
http://www.nxtbook.com/sosland/fbn/2011_05_24
http://www.nxtbook.com/sosland/fbn/2011_05_10
http://www.nxtbook.com/sosland/fbn/2011_04_26
http://www.nxtbook.com/sosland/fbn/2011_04_12
http://www.nxtbook.com/sosland/fbn/2011_03_29
http://www.nxtbook.com/sosland/fbn/2011_03_15
http://www.nxtbook.com/sosland/fbn/2011_03_01
http://digital.foodbusinessnews.net/sosland/fbn/2011_02_15
http://digital.foodbusinessnews.net/sosland/fbn/2011_01_18
http://digital.foodbusinessnews.net/sosland/fbn/2011_01_04
http://digital.foodbusinessnews.net/sosland/fbn/2010_12_21
http://digital.foodbusinessnews.net/sosland/fbn/2010_12_07
http://digital.foodbusinessnews.net/sosland/fbn/2010_11_23
http://digital.foodbusinessnews.net/sosland/fbn/2010_11_09
http://digital.foodbusinessnews.net/sosland/fbn/2010_10_26
http://digital.foodbusinessnews.net/sosland/fbn/2010_10_12
http://digital.foodbusinessnews.net/sosland/fbn/2010_09_28
http://digital.foodbusinessnews.net/sosland/fbn/2010_09_14
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_31
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_17
http://digital.foodbusinessnews.net/sosland/fbn/2010_08_03
http://digital.foodbusinessnews.net/sosland/fbn/2010_07_20
http://digital.foodbusinessnews.net/sosland/fbn/2010_07_06
http://digital.foodbusinessnews.net/sosland/fbn/2010_06_22
http://digital.foodbusinessnews.net/sosland/fbn/2010_06_08
http://digital.foodbusinessnews.net/sosland/fbn/2010_05_25
http://digital.foodbusinessnews.net/sosland/fbn/2010_05_11
http://digital.foodbusinessnews.net/sosland/fbn/2010_04_27
http://digital.foodbusinessnews.net/sosland/fbn/2010_04_13
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_30
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_16
http://digital.foodbusinessnews.net/sosland/fbn/2010_03_02
http://digital.foodbusinessnews.net/sosland/fbn/2010_02_16
http://digital.foodbusinessnews.net/sosland/fbn/2010_02_02
http://digital.foodbusinessnews.net/sosland/fbn/2010_01_19
http://digital.foodbusinessnews.net/sosland/fbn/2010_01_05
http://digital.foodbusinessnews.net/sosland/fbn/2009_12_22
http://digital.foodbusinessnews.net/sosland/fbn/2009_12_08
http://digital.foodbusinessnews.net/sosland/fbn/2009_11_24
http://digital.foodbusinessnews.net/sosland/fbn/2009_11_10
http://digital.foodbusinessnews.net/sosland/fbn/2009_10_27
http://digital.foodbusinessnews.net/sosland/fbn/2009_10_13
http://digital.foodbusinessnews.net/sosland/fbn/2009_09_29
http://digital.foodbusinessnews.net/sosland/fbn/2009_09_15
http://digital.foodbusinessnews.net/sosland/fbn/2009_08_18
http://digital.foodbusinessnews.net/sosland/fbn/2009_08_04
http://digital.foodbusinessnews.net/sosland/fbn/2009_07_21
http://digital.foodbusinessnews.net/sosland/fbn/2009_07_07
http://digital.foodbusinessnews.net/sosland/fbn/2009_06_23
http://digital.foodbusinessnews.net/sosland/fbn/2009_06_09
http://digital.foodbusinessnews.net/sosland/fbn/2009_05_26
http://digital.foodbusinessnews.net/sosland/fbn/2009_05_12
http://digital.foodbusinessnews.net/sosland/fbn/2009_04_28
http://digital.foodbusinessnews.net/sosland/fbn/2009_04_14
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_31
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_17
http://digital.foodbusinessnews.net/sosland/fbn/2009_03_03
http://digital.foodbusinessnews.net/sosland/fbn/2009_02_17
http://digital.foodbusinessnews.net/sosland/fbn/2009_02_03
http://digital.foodbusinessnews.net/sosland/fbn/2009_01_20
http://digital.foodbusinessnews.net/sosland/fbn/2009_01_06
http://digital.foodbusinessnews.net/sosland/fbn/2008_12_23
http://digital.foodbusinessnews.net/sosland/fbn/2008_12_09
http://digital.foodbusinessnews.net/sosland/fbn/2008_11_25
http://digital.foodbusinessnews.net/sosland/fbn/2008_11_11
http://digital.foodbusinessnews.net/sosland/fbn/2008_10_28
http://digital.foodbusinessnews.net/sosland/fbn/2008_10_14
http://digital.foodbusinessnews.net/sosland/fbn/2008_09_30
http://digital.foodbusinessnews.net/sosland/fbn/2008_09_16
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