Food Business News - November 26, 2019 - 59

Cash Wheat
HARD WINTER. Premiums on hard
red winter wheat in Kansas City were 4c a
bu higher to 8c lower last week. Downward adjustments were posted across the
lower third of the protein scale with the
exceptions of 11.8% protein and ordinary
wheat. The sole gains were posted at 12%
and 12.2% proteins. The basis at 12.6%
protein declined 5c.
Wheat movement across the hard
winter wheat region was slow, including
wheat shipments for application against
contracts. Only a limited amount of
wheat was sold on a to-arrive basis with
the spread between bids and offers still
too wide for most to bridge.
Railroad performance mostly was
satisfactory and relatively inexpensive.
The Union Pacific Railroad was said to
have sold cars through May at tariff.
The U.S. Department of Agriculture
indicated in its weekly Crop Progress
report that winter wheat planting was
nearly completed. Meanwhile, winter
wheat emergence was 86% in Kansas,
89% in Oklahoma, 72% in Texas, 100% in
Nebraska, 91% in Colorado, 98% in South
Dakota and 75% in Montana.
The U.S.D.A. indicated mixed
changes in hard red winter wheat condition ratings with dryness an issue in the
southern Plains. Winter wheat rated
good to excellent on Nov. 17 was 47%
in Kansas (35% fair), 46% in Oklahoma
(45% fair), 30% in Texas (39% fair), 70%
in Nebraska, 64% in Colorado, 77% in
South Dakota and 65% in Montana.
Salina spot wheat bids were 15c
under K.C. Dec. Hutchinson spot wheat
bids were 10c under K.C. Dec. Wichita
elevator bids for nearby were 5c under
K.C. Dec. Gulf bids on 12%-protein hard
red winter wheat for nearby were 185c
over K.C. Dec.
HARD SPRING. Premiums on hard red
spring wheat in Minneapolis were 5c a bu
higher to 19c lower last week. The cash
spring wheat market was inverted. Mills
and other wheat buyers wanted growers
to sell and elevators to ship wheat now
to ensure pipelines are adequately filled
to sustain December grind. Working at
cross purposes was the carry in Minneapolis wheat futures that argued for
November 26, 2019

producers and elevators to hold and not
sell wheat.
Most attention remained on the fall
crop harvest. The corn harvest lagged
badly with the North Dakota harvest
only 23% completed by Nov. 17 versus
85% as the recent five-year average for
the date. Ideas were that if farmers are
not able to complete their corn harvest
before winter, they may increase wheat
sales in December to generate income
they'd ordinarily derive from corn.
More than 3,000 Canadian National
Railway workers walked off the job last
week. The strike halted C.N.'s shipments
of grain and of other commodities.
Spring wheat stocks held in the
northern ports of Duluth, Minn., and Superior, Wis., on Nov. 17 totaled 18,241,000
bus, down 230,000 bus from a week
earlier and compared with 18,114,000
bus around the same date in 2018.
SOFT RED. Mill bids on soft red winter
wheat remained historically strong
with no relief in sight, given the small
crop and tight supply of milling quality wheat. St. Louis-area mill bids for

Exporter bids and offers

No. 1 hard winter
Basis Kansas City Dec., cents per bu
Nov. 22 - Change from -
Premium Nov. 15
Nov. 8
Ordinary 105 @ 115
-
-
11%
115 @ 125 -5 @ -5
-5 @ -5
11.2%
122 @ 132 -7 @ -7
-7 @ -7
11.4%
132 @ 142 -3 @ -3
-3 @ -3
11.6%
132 @ 142 -8 @ -8
-8 @ -8
11.8%
140 @ 150
-
-
12%
150 @ 160 +4 @ +4 +5 @ +5
12.2%
150 @ 160 +4 @ +4 +5 @ +5
12.4%
150 @ 160
-
-
12.6%
160 @ 170 -5 @ -5
-5 @ -5
12.8%
180 @ 190
-
-
13%
205 @ 215
-
-
13.2%
205 @ 215
-
-
13.4%
205 @ 215
-
-
13.6%
205 @ 215
-
-
13.8%
205 @ 215
-
-
14%
205 @ 215
-
-

November-December were 65c over
Chicago Dec.; January-March, 65c over
March. Toledo mill bids for NovemberDecember were 35c over Chicago Dec.;
January-March, 35c over March. Elevator bids for nearby were 18c over Chicago Dec. The Cincinnati elevator bid
was 10c under the July 2020 contract for
new crop. Michigan white wheat mill
bids were 25@40c over Chicago Dec.;
soft red wheat mill bids were 25c over
Dec. Gulf bids on soft red winter wheat
for nearby were 102c over Chicago
Dec., up 2c.
The U.S.D.A. said winter wheat by
Nov. 17 was 87% planted in Missouri,
99% in Illinois, 94% in Indiana and 89%
in Michigan. Wheat emergence was 68%
in Missouri, 85% in Illinois, 82% in Indiana, 95% in Ohio and 81% in Michigan.
The U.S.D.A. indicated minor,
mixed changes in soft red winter wheat
condition in the Central states. Winter
wheat rated good to excellent on Nov.
17 was 42% in Missouri (43% a week
earlier), 45% in Illinois (43%), 49% in Indiana (47%), 50% in Ohio (47%) and 49%
in Michigan (52%). FBN

Year
ago
115 @ 130
140 @ 155
140 @ 155
151 @ 166
151 @ 166
151 @ 166
151 @ 166
158 @ 173
158 @ 173
158 @ 173
158 @ 173
158 @ 173
158 @ 173
158 @ 173
158 @ 173
158 @ 173
161 @ 176

For
Nov. 22
shipment
Bid
Offer
No. 1 Hard 11%, Track Gulf
Basis Kansas City future, cents per bu
November
+185 Dec.
190
December
+185 Dec.
190
January
+178 March 183
February
+178 March 183
No. 2 Soft Red, c.i.f. New Orleans
Basis Chicago future, cents per bu
November
+102 Dec.
107
December
+106 Dec.
110
January
+106 March 110
February
+107 March 111

Year ago
bid

+160
+163
+140
+145

Dec.
Dec.
March
March

+67
+71
+63
+65

Dec.
Dec.
March
March

Cash wheat

Nov. 22 - Change from -
For shipment
Bid
Nov. 15 Nov. 8
No. 1 Soft White, Track, Portland
$ per bu
No. 1 hard spring
November
5.70
-.27
-.25
Basis Minneapolis Dec., delivered Chicago/beyond cents per bu
December
5.70
-.20
-.30
Nov. 22 - Change from -
Year
January
5.95
-.04
-.11
Premium Nov. 15
Nov. 8
ago
No. 1 Hard 11.5%, Track, Portland
Ordinary
...
...
...
...
Basis Kansas City future, $ per bu
11%
...
...
...
...
November
1.75
-
+.03
12%
...
...
...
...
December
1.75
-
+.03
13%
170
...
-5
...
January
1.75
-
+.08
13.5% 165 @ 190
...
-10 @ +15 125 @ 140 No. 1 Spring 14%, Track, Portland
14%
185 @ 200
-15 @ 0
-25 @ -10 115 @ 145 Basis Minneapolis future, $ per bu
14.5%
165
-19
-10
...
November
1.60
-
+.25
15%
180 @ 215
+5 @ 0
-5 @ 0
155 @ 160 December
1.65
-
+.30
16%
...
...
...
...
January
1.55
-
+.30
Food Business News

Year
ago

6.15
6.22
6.25
...
1.80
1.55
...
1.20
1.20
59



Food Business News - November 26, 2019

Table of Contents for the Digital Edition of Food Business News - November 26, 2019

Food Business News - November 26, 2019
WAHSINGTON - Organic producers voice support for the continued strict rules for the category
Contents
FROM THE EDITOR - Consumers becoming less fearful of new food technologies
Buyers sought after Dean Foods files for bankruptcy protection
McDonald’s achieves 100% sustainably sourced coffee in U.S. restaurants
Purple Carrot launches plant-based incubator
Mondelez report highlights motivators behind snacking
Walmart and Kroger take steps to bolster produce business
Target’s new food and beverage brand Good & Gather off to strong start
Tyson Foods shares jump despite earnings miss
PepsiCo discontinues Quaker Oat Beverage amid oat milk boom
Hain c.e.o.: Expect more product innovation and divestitures
TreeHouse Foods hits a bump in road to recovery as sales volume disappoints
Inside Unilever’s food and beverage e-commerce strategy
Sam’s Club names Kathryn McLay as president and chief executive officer
New Ferrero facility to support ‘rapid organic growth’
Jones Soda developing C.B.D.-infused beverages
WASHINGTON - Organic producers voice support for continued strict rules for the category
MARKET INSIGHT - Sugar prices soar after U.S.D.A. cuts supply forecast
INGREDIENT APPLICATIONS - Fermentation finds roles in reducing sugar, enhancing flavor
INGREDIENT TRENDS - Next-gen clean
BEVERAGE BUSINESS NEWS - Reimagining fluid milk formulations and flavors
NEW FOOD INSIDER
Photo highlights from 2019 Chicago Section I.F.T.
Ingredient Market Trends - U.S.-China trade drama continues; U.S.D.A. seeks to mitigate eff ects on farmers
INGREDIENT MARKETS
SUPPLIER INNOVATIONS AND NEWS
CLASSIFIEDS
Ad index
Food business in the news
Food Business News - November 26, 2019 - WAHSINGTON - Organic producers voice support for the continued strict rules for the category
Food Business News - November 26, 2019 - WAHSINGTON - Organic producers voice support for the continued strict rules for the category
Food Business News - November 26, 2019 - 2
Food Business News - November 26, 2019 - 3
Food Business News - November 26, 2019 - Contents
Food Business News - November 26, 2019 - 5
Food Business News - November 26, 2019 - 6
Food Business News - November 26, 2019 - FROM THE EDITOR - Consumers becoming less fearful of new food technologies
Food Business News - November 26, 2019 - Buyers sought after Dean Foods files for bankruptcy protection
Food Business News - November 26, 2019 - Purple Carrot launches plant-based incubator
Food Business News - November 26, 2019 - Mondelez report highlights motivators behind snacking
Food Business News - November 26, 2019 - 11
Food Business News - November 26, 2019 - Target’s new food and beverage brand Good & Gather off to strong start
Food Business News - November 26, 2019 - 13
Food Business News - November 26, 2019 - Tyson Foods shares jump despite earnings miss
Food Business News - November 26, 2019 - 15
Food Business News - November 26, 2019 - PepsiCo discontinues Quaker Oat Beverage amid oat milk boom
Food Business News - November 26, 2019 - 17
Food Business News - November 26, 2019 - TreeHouse Foods hits a bump in road to recovery as sales volume disappoints
Food Business News - November 26, 2019 - 19
Food Business News - November 26, 2019 - Inside Unilever’s food and beverage e-commerce strategy
Food Business News - November 26, 2019 - 21
Food Business News - November 26, 2019 - Sam’s Club names Kathryn McLay as president and chief executive officer
Food Business News - November 26, 2019 - 23
Food Business News - November 26, 2019 - New Ferrero facility to support ‘rapid organic growth’
Food Business News - November 26, 2019 - 25
Food Business News - November 26, 2019 - 26
Food Business News - November 26, 2019 - Jones Soda developing C.B.D.-infused beverages
Food Business News - November 26, 2019 - WASHINGTON - Organic producers voice support for continued strict rules for the category
Food Business News - November 26, 2019 - 29
Food Business News - November 26, 2019 - MARKET INSIGHT - Sugar prices soar after U.S.D.A. cuts supply forecast
Food Business News - November 26, 2019 - 31
Food Business News - November 26, 2019 - INGREDIENT APPLICATIONS - Fermentation finds roles in reducing sugar, enhancing flavor
Food Business News - November 26, 2019 - 33
Food Business News - November 26, 2019 - INGREDIENT TRENDS - Next-gen clean
Food Business News - November 26, 2019 - 35
Food Business News - November 26, 2019 - 36
Food Business News - November 26, 2019 - 37
Food Business News - November 26, 2019 - 38
Food Business News - November 26, 2019 - 39
Food Business News - November 26, 2019 - 40
Food Business News - November 26, 2019 - 41
Food Business News - November 26, 2019 - BEVERAGE BUSINESS NEWS - Reimagining fluid milk formulations and flavors
Food Business News - November 26, 2019 - 43
Food Business News - November 26, 2019 - 44
Food Business News - November 26, 2019 - 45
Food Business News - November 26, 2019 - 46
Food Business News - November 26, 2019 - 47
Food Business News - November 26, 2019 - NEW FOOD INSIDER
Food Business News - November 26, 2019 - 49
Food Business News - November 26, 2019 - Photo highlights from 2019 Chicago Section I.F.T.
Food Business News - November 26, 2019 - 51
Food Business News - November 26, 2019 - 52
Food Business News - November 26, 2019 - Ingredient Market Trends - U.S.-China trade drama continues; U.S.D.A. seeks to mitigate eff ects on farmers
Food Business News - November 26, 2019 - INGREDIENT MARKETS
Food Business News - November 26, 2019 - 55
Food Business News - November 26, 2019 - 56
Food Business News - November 26, 2019 - 57
Food Business News - November 26, 2019 - 58
Food Business News - November 26, 2019 - 59
Food Business News - November 26, 2019 - 60
Food Business News - November 26, 2019 - 61
Food Business News - November 26, 2019 - 62
Food Business News - November 26, 2019 - 63
Food Business News - November 26, 2019 - SUPPLIER INNOVATIONS AND NEWS
Food Business News - November 26, 2019 - 65
Food Business News - November 26, 2019 - CLASSIFIEDS
Food Business News - November 26, 2019 - 67
Food Business News - November 26, 2019 - 68
Food Business News - November 26, 2019 - Ad index
Food Business News - November 26, 2019 - Food business in the news
Food Business News - November 26, 2019 - 71
Food Business News - November 26, 2019 - 72
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