Food Business News - April 30, 2019 - 45

Soy Products

from the prior four-week average. FBN

Bookings of soy flour were limited
last week. Prices were lowered.
New business mostly involved filling spot orders placed by soy flour users
who purchase a few weeks' supply at a
time. Most major users, including baking
companies, earlier covered their needs
through the second quarter with many
holding even more extensive ownership.
Soybean meal futures set new contract
lows last week, and soybean futures were
trading at their lowest levels since September 2018. Ample U.S. and world soybean
supplies pressured soy complex futures.
The large Brazilian harvest was nearly
completed, and the Argentine harvest was
35% to 40% completed. The Brazilian crop
may reach 116 million to 117 million tonnes,
not a record but still huge historically. Private analysts suggested the Argentine crop
may reach 57 million tonnes.
The U.S. Department of Agriculture in its weekly Crop Progress report
indicated 1% of the soybean crop in the
18 major producing states was planted by
April 21 compared with 2% as the recent
five-year average for the date.
The U.S.D.A. indicated net export
sales of soybean meal during the week
ended April 18 for delivery in 2018-19
totaled 329,100 tonnes, up 11% from the
previous week and up 82% from the prior
four-week average.
The U.S.D.A. said net export sales of
soybeans during the same week for delivery in 2018-19 totaled 596,300 tonnes,
up 57% from a week earlier but down 15%

Chicago corn and soy futures
Corn Futures
$ per bu
May
July
September
December
March
Soybeans
May
July
August
September
November
Soybean Meal
May
July
August
September
October
April 30, 2019

Bookings and sales of corn meal,
corn flour and other corn products were
brisk last week. Prices were lowered.
Business continued to expand
seasonally. Corn flour sales remained
strong, supported by pancake and waffle
mix movement. Corn meal sales for
salty snack manufacturing continued to
increase. Brewer's grits also began to see
their seasonal bump. Flaking grits sales
were steady.
Corn futures set new contract lows
last week. Despite slow progress in planting the 2019 crop, the market seemed
loath to put a weather premium into
futures. Ample U.S. and world supplies of
corn were a greater consideration.
The U.S.D.A. in its weekly Crop
Progress report indicated 6% of the corn
crop in the 18 major producing states was
planted by April 21 compared with 3% a
week earlier and 12% as the recent fiveyear average for the date.
The U.S.D.A. said net export sales of
corn in the week ended April 18 for delivery in 2018-19 were 779,900 tonnes, down
18% from a week earlier but up 6% from
the prior four-week average and within
the range of trade estimates. FBN

Oats
Bookings of food-grade oats flakes
were steady. Prices were unchanged.

Soy flour

- Change from - Year
Apr. 26 Apr. 18 Apr. 12
ago
3.51¼
3.61¼
3.69½
3.80¾
3.95½
$ per bu
8.53¾
8.67
8.73¼
8.78¼
8.87¾
$ per ton
299.90
303.70
304.80
306.30
307.10

Corn Products

-7¼
-6
-5½
-5½
-4¾

-9¾
-8¼
-8
-8¼
-7½

3.89½
3.98½
4.05½
4.14½
4.22

-26¾
-27¼
-26¾
-26½
-25¾

-41½
-41¾
-41
-40½
-40

10.45
10.56¼
10.58
10.50¼
10.47

-3.30
-3.10
-3.20
-3.20
-3.80

-8.00
-7.90
-8.10
-8.20
-8.70

393.20
395.30
392.80
390.30
387.30

Corn meal
Chicago, bulk
Chicago, sacked
New York, bulk
New York, sacked

Rice
Business in whole-grain milled rice
remained strong last week, although millers still hoped for an expansion in exports
to give operations a boost. Domestic coverage extended one or two quarters forward.
Business in rice flour and extruded rice
products also was steady at a brisk pace.
The U.S.D.A. in its weekly national
rice summary left unchanged its Arkansas rice and rice byproduct prices. The
U.S.D.A. also left unchanged its quotes
for prevailing world milled rice prices.
The U.S.D.A. in its weekly Crop
Progress report indicated 31% of the rice
crop in the six major producing states
was planted by April 21 compared with
26% a week earlier and 47% as the recent
five-year average for the date. Rice emergence was at 18% compared with 25% as
the five-year average for the date. FBN

Rice

Defatted, f.o.b. Midwest plant, $ per cwt - Change from -
Apr. 26
Apr. 18
Apr. 12
Bulk
23.70 @ 24.70 -.15 @ -.15
-.35 @ -.35
Sacked
25.70 @ 26.70 -.15 @ -.15
-.35 @ -.35
$ per cwt

Demand for flaking oats and other
oats products remained strong.
The U.S.D.A. in its weekly Crop
Progress report indicated 36% of the oats
crop in the nine major states was planted
by April 21 compared with 30% a week
earlier and 51% as the recent five-year average for the date. Emergence was at 27%
compared with 33% as the average.
Statistics Canada on April 24
indicated Canadian farmers intend to
plant 3,291,000 acres to oats in 2019, up
8% from 3,053,000 acres in 2018 and
compared with 3.3 million acres as the
average of pre-report trade forecasts. FBN

Apr. 26
14.37 @ 14.62
16.14 @ 16.39
16.04 @ 16.29
18.46 @ 18.71

- Change from -
Apr. 18
Apr. 12
-.14 @ -.14 -.14 @ -.14
-.14 @ -.14 -.14 @ -.14
-.14 @ -.14 -.14 @ -.14
-.14 @ -.14 -.14 @ -.14

Oats
Apr. 26
Minneapolis
Food grade flakes, f.o.b.,
bagged, $ per cwt
28.00@28.50
Milling quality oats, No. 2 heavy,
$ per bu
3.48¾
Oat hulls, $ per ton
25@35

- Change from -
Apr. 18 Apr. 12
-

-

+16¾c
-

+21½c
-

Offers f.o.b. mills, $ per cwt, bagged - Change from - Year
Cash
Apr. 26
Apr. 18 Apr. 12 ago
Long grain
23.50@25.00
-
-
25.50
Medium grain
30.00@31.50
-
-
29.00
Parboiled
26.00
-
-
26.50
Second heads, bulk 18.00@19.00
-
-
16.50
Brewers
14.00@17.50
-
-
14.00
f.o.b. mills, $ per ton
Rice millfeed
40.00
-
-
40.00
Rice bran
90.00@120.00
-
-
80.00
Rice hulls
10.00
-
-
5.00
U.S.D.A. world price milled - $ per cwt
Long grain
13.44
-
-
16.93
Medium/short grain 12.94
-
-
16.53
Broken
8.11
-
-
10.21
C.B.O.T. rough rice futures - $ per cwt
May
10.19½
-0.23 -0.26½
12.81
July
10.45
-0.22½ -0.15½ 13.00½
September
10.55½
-0.21
-0.14
12.22
November
10.61
-0.18½ -0.11½ 12.18½
Food Business News

45



Food Business News - April 30, 2019

Table of Contents for the Digital Edition of Food Business News - April 30, 2019

Food Business News - April 30, 2019
WASHINGTON - F.D.A. to exclude rare sugar from counting as added sugar
Contents
FROM THE EDITOR - U.S. agriculture in need of a youth movement
Kraft Heinz names new c.e.o. amid company challenges
Tyson exits investment in Beyond Meat, plans to launch alternative protein product
Hershey’s forthcoming innovation stays close to the core
Hershey unveils new leadership team
Morton Sosland dies at 93
Coke brand ventures beyond Zero Sugar
Wells Enterprises acquires private label ice cream maker
Mondelez International invests in paleo snack company
Food remains a point of weakness in Unilever’s portfolio
Unilever to add supplement maker to portfolio
Taylor Farms acquires Earthbound Farm from Danone
Butterfly Equity to buy Bolthouse Farms from Campbell Soup Co.
MARKET INSIGHT - Organic sales double over five-year time span
INGREDIENT TRENDS - VEGAN is trending in the plant-based space
INGREDIENT INNOVATIONS - Going bold to break through in meat flavors
BEVERAGE BUSINESS NEWS - Getting half-pint’s approval
Highlights from SupplySide East
NEW ON THE SHELVES
Ingredient Market Trends - Canadian farmers to plant more wheat and oats but less canola in 2019
INGREDIENT MARKETS
SUPPLIER INNOVATIONS
CLASSIFIEDS
MARKETPLACE
Ad index
Food business in the news
Food Business News - April 30, 2019 - WASHINGTON - F.D.A. to exclude rare sugar from counting as added sugar
Food Business News - April 30, 2019 - WASHINGTON - F.D.A. to exclude rare sugar from counting as added sugar
Food Business News - April 30, 2019 - 2
Food Business News - April 30, 2019 - 3
Food Business News - April 30, 2019 - Contents
Food Business News - April 30, 2019 - 5
Food Business News - April 30, 2019 - 6
Food Business News - April 30, 2019 - FROM THE EDITOR - U.S. agriculture in need of a youth movement
Food Business News - April 30, 2019 - Tyson exits investment in Beyond Meat, plans to launch alternative protein product
Food Business News - April 30, 2019 - Hershey unveils new leadership team
Food Business News - April 30, 2019 - Morton Sosland dies at 93
Food Business News - April 30, 2019 - 11
Food Business News - April 30, 2019 - Coke brand ventures beyond Zero Sugar
Food Business News - April 30, 2019 - 13
Food Business News - April 30, 2019 - Wells Enterprises acquires private label ice cream maker
Food Business News - April 30, 2019 - Mondelez International invests in paleo snack company
Food Business News - April 30, 2019 - Food remains a point of weakness in Unilever’s portfolio
Food Business News - April 30, 2019 - Unilever to add supplement maker to portfolio
Food Business News - April 30, 2019 - Butterfly Equity to buy Bolthouse Farms from Campbell Soup Co.
Food Business News - April 30, 2019 - 19
Food Business News - April 30, 2019 - 20
Food Business News - April 30, 2019 - 21
Food Business News - April 30, 2019 - MARKET INSIGHT - Organic sales double over five-year time span
Food Business News - April 30, 2019 - 23
Food Business News - April 30, 2019 - INGREDIENT TRENDS - VEGAN is trending in the plant-based space
Food Business News - April 30, 2019 - 25
Food Business News - April 30, 2019 - 26
Food Business News - April 30, 2019 - 27
Food Business News - April 30, 2019 - INGREDIENT INNOVATIONS - Going bold to break through in meat flavors
Food Business News - April 30, 2019 - 29
Food Business News - April 30, 2019 - BEVERAGE BUSINESS NEWS - Getting half-pint’s approval
Food Business News - April 30, 2019 - 31
Food Business News - April 30, 2019 - 32
Food Business News - April 30, 2019 - Highlights from SupplySide East
Food Business News - April 30, 2019 - NEW ON THE SHELVES
Food Business News - April 30, 2019 - 35
Food Business News - April 30, 2019 - 36
Food Business News - April 30, 2019 - Ingredient Market Trends - Canadian farmers to plant more wheat and oats but less canola in 2019
Food Business News - April 30, 2019 - INGREDIENT MARKETS
Food Business News - April 30, 2019 - 39
Food Business News - April 30, 2019 - 40
Food Business News - April 30, 2019 - 41
Food Business News - April 30, 2019 - 42
Food Business News - April 30, 2019 - 43
Food Business News - April 30, 2019 - 44
Food Business News - April 30, 2019 - 45
Food Business News - April 30, 2019 - 46
Food Business News - April 30, 2019 - 47
Food Business News - April 30, 2019 - SUPPLIER INNOVATIONS
Food Business News - April 30, 2019 - 49
Food Business News - April 30, 2019 - CLASSIFIEDS
Food Business News - April 30, 2019 - MARKETPLACE
Food Business News - April 30, 2019 - 52
Food Business News - April 30, 2019 - Ad index
Food Business News - April 30, 2019 - Food business in the news
Food Business News - April 30, 2019 - 55
Food Business News - April 30, 2019 - 56
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