Food Business News - February 4, 2020 - 53

Soy Products
Bookings of soy flour were limited last
week. Prices were lowered with declining
soybean meal futures a consideration.
New forward business in soy flour
was constrained by the extensive coverage already on the books. Most major
buyers have covered nearly all their
needs for the first two quarters of 2020.
Their attention was on filling any gaps in
pipelines that may emerge.
A challenge facing both soy flour
processors and their customers was the
relatively low average protein in 2019
soybean crop. It was expected this will
be a feature for the rest of the marketing
year. Buyers and sellers worked together
to adjust to the lower-protein supply.
The U.S. Department of Agriculture
indicated net export sales of soybean meal
for delivery in 2019-20 during the week
ended Jan. 23 totaled 438,800 tonnes,
down 32% from the previous week but up
48% from the prior four-week average. The
U.S.D.A. reported net export sales of soybeans for delivery in 2019-20 during the
same week totaled 469,700 tonnes, down
41% from the previous week and down 11%
from the prior four-week average. China
was the week's largest buyer of soybeans
at 360,900 tonnes. FBN

Corn Products
Bookings and sales of corn products were steady last week. Prices were
lowered with declining corn futures a
consideration.

Chicago corn and soy futures
Corn Futures
$ per bu
March
May
July
September
December
Soybeans
March
May
July
August
September
Soybean Meal
March
May
July
August
September

February 4, 2020

-6
-6¼
-6¾
-8
-7½

-8
-8¾
-10
-12½
-12

3.78¼
3.87
3.94¾
3.97½
4.02¼

-29½
-29
-29
-28¾
-27¾

-57¼
-56¼
-55
-53¾
-51½

9.17¾
9.31½
9.44¼
9.49¼
9.51¼

-7.30
-6.20
-5.40
-5.00
-4.90

-9.60
-8.90
-8.30
-8.10
-7.90

Oats
Bookings of food-grade oat flakes
and other oats products were limited last
week. Prices were unchanged.
Prices have been underpinned by
tightening supply. In that connection,
oat millers and their customers received
some good news from Canada. Agriculture and Agri-Food Canada forecast
area planted to oats for harvest in 2020
at 1,590,000 hectares, up 9% from 2019,
with the increase mostly attributed to
good prices and strong demand. "This
will be the highest levels since 2009,"
A.A.F.C. said. The ministry preliminarily

Soy flour

- Change from - Year
Jan. 31 Jan. 24 Jan. 17
ago
3.81¼
3.86½
3.91
3.87¾
3.90¾
$ per bu
8.72½
8.86¾
9.00½
9.05½
9.06½
$ per ton
291.00
296.30
301.40
303.30
304.60

Millers said corn meal sales to
snack foods manufacturers in January
exceeded expectations. Ideas were midweek dates for Christmas 2019 and New
Year's pushed some December demand
into January. February is typically a light
month for sales to snack food operations.
Corn flour sales were picking up
ahead of Lent, which begins on Feb. 26.
Many buyers have covered their
needs through the first quarter. Inquiry
for the second quarter expanded last
week as corn futures declined. The
inquiry has yet to result in significant additional forward coverage, though.
The U.S. Department of Agriculture
indicated net export sales of corn for delivery in 2019-20 during the week ended
Jan. 23 totaled 1,234,700 tonnes, up 23%
from the previous week and up 99% from
the prior four-week average. FBN

311.80
315.80
319.60
321.10
322.30

Rice
Business in whole grain milled and
industrial rice was limited last week.
Most industrial buyers have covered
their needs through the first quarter of
2020, and some buyers have contract balances extending into the summer. The
same pattern held for buyers of rice flour
and extruded rice products.
Arkansas milled rice prices as
quoted by the U.S. Department of Agriculture once again were unchanged,
but world milled rice prices as quoted
by the U.S.D.A. advanced for the second
consecutive week.
Market prices were said to be rising
steadily on strong domestic and export
demand despite the steady U.S.D.A.
quotes. Mills operated full schedules.
Rough rice futures continued to
advance from mid-November lows.
The U.S.D.A. indicated net export
sales of rice for delivery in 2019-20 during the week ended Jan. 23 totaled 32,700
tonnes, down 58% from a week earlier
and down 31% from the prior four-week
average. FBN

Rice

Defatted, f.o.b. Midwest plant, $ per cwt - Change from -
Jan. 31
Jan. 24
Jan. 17
Bulk
32.80 @ 33.80 -.35 @ -.35
-.45 @ -.45
Sacked
34.80 @ 35.80 -.35 @ -.35
-.45 @ -.45

Corn meal
$ per cwt
Chicago, bulk
Chicago, sacked
New York, bulk
New York, sacked

projected 2020 Canadian oats production
at 4,380,000 tonnes, up 5% from 2019.
Most buyers of food grade oat flakes
and other oats-based products earlier
covered their needs through March and
continued to steadily extend contract
balances into April-June. Some breakfast cereal manufacturers were covered
through June. FBN

Jan. 31
14.97 @ 15.22
16.74 @ 16.99
16.64 @ 16.89
19.06 @ 19.31

- Change from -
Jan. 24
Jan. 17
-.12 @ -.12 -.16 @-.16
-.12 @ -.12 -.16 @-.16
-.12 @ -.12 -.16 @-.16
-.12 @ -.12 -.16 @-.16

Oats
Jan. 31
Minneapolis
Food grade flakes, f.o.b.,
bagged, $ per cwt
29.10@29.60
Milling quality oats, No. 2 heavy,
$ per bu
3.53¾
Oat hulls, $ per ton
25@35

- Change from -
Jan. 24 Jan. 17
-

-

+½c
-

-8c
-

Offers f.o.b. mills, $ per cwt, bagged - Change from - Year
Cash
Jan. 31
Jan. 24 Jan. 17 ago
Long grain
25.25@26.00
-
-
23.00
Medium grain
32.00
-
-
30.00
Parboiled
28.00
-
-
26.00
Second heads, bulk 18.00@19.25
-
-
16.50
Brewers
15.50@17.50
-
-
14.00
f.o.b. mills, $ per ton
Rice millfeed
40.00
-
-
40.00
Rice bran
100.00@120.00
-
-
90.00
Rice hulls
25.00
-
+10
5.00
U.S.D.A. world price milled - $ per cwt
Long grain
15.03
+0.11 +0.47
13.49
Medium/short grain 14.67
+0.08 +0.44
13.21
Broken
9.07
+0.07 +0.29
8.14
C.B.O.T. rough rice futures - $ per cwt
March
13.61
+0.02½ +0.09½
10.65
May
13.77
+0.09½ +0.19½
10.89
July
13.56½
+0.08 +0.17 11.01½
September
12.17
-0.02½ +0.01½
10.92
Food Business News

53



Food Business News - February 4, 2020

Table of Contents for the Digital Edition of Food Business News - February 4, 2020

Food Business News - February 4, 2020
Winter Fancy Food Show Report - Trends at the 2020 Winter Fancy Food Show
Contents
From the Editor - Move away from single-use plastic shifting into hyperdrive
News
Washington - F.D.A. proposes adding glucomannan to dietary fiber definition
Market Insight - Cocoa market strengthens despite mixed grind data
Winter Fancy Food Show
Ingredient Applications - Tasting success in plant protein formulations
Beverage Business News - There's a beverage for that ...
New Food Insider
Ingredient Market Trends: In the Spotlight - Waiting for China sales amid coronavirus and other uncertainties
Ingredient Markets
Supplier Innovations and News
Classifieds
Ad index
Food Business in the News
Food Business News - February 4, 2020 - Winter Fancy Food Show Report - Trends at the 2020 Winter Fancy Food Show
Food Business News - February 4, 2020 - Winter Fancy Food Show Report - Trends at the 2020 Winter Fancy Food Show
Food Business News - February 4, 2020 - 2
Food Business News - February 4, 2020 - 3
Food Business News - February 4, 2020 - Contents
Food Business News - February 4, 2020 - 5
Food Business News - February 4, 2020 - 6
Food Business News - February 4, 2020 - From the Editor - Move away from single-use plastic shifting into hyperdrive
Food Business News - February 4, 2020 - News
Food Business News - February 4, 2020 - 9
Food Business News - February 4, 2020 - 10
Food Business News - February 4, 2020 - 11
Food Business News - February 4, 2020 - 12
Food Business News - February 4, 2020 - 13
Food Business News - February 4, 2020 - 14
Food Business News - February 4, 2020 - 15
Food Business News - February 4, 2020 - 16
Food Business News - February 4, 2020 - 17
Food Business News - February 4, 2020 - 18
Food Business News - February 4, 2020 - 19
Food Business News - February 4, 2020 - 20
Food Business News - February 4, 2020 - 21
Food Business News - February 4, 2020 - 22
Food Business News - February 4, 2020 - 23
Food Business News - February 4, 2020 - Washington - F.D.A. proposes adding glucomannan to dietary fiber definition
Food Business News - February 4, 2020 - 25
Food Business News - February 4, 2020 - Market Insight - Cocoa market strengthens despite mixed grind data
Food Business News - February 4, 2020 - 27
Food Business News - February 4, 2020 - Winter Fancy Food Show
Food Business News - February 4, 2020 - 29
Food Business News - February 4, 2020 - 30
Food Business News - February 4, 2020 - 31
Food Business News - February 4, 2020 - Ingredient Applications - Tasting success in plant protein formulations
Food Business News - February 4, 2020 - 33
Food Business News - February 4, 2020 - 34
Food Business News - February 4, 2020 - 35
Food Business News - February 4, 2020 - 36
Food Business News - February 4, 2020 - 37
Food Business News - February 4, 2020 - Beverage Business News - There's a beverage for that ...
Food Business News - February 4, 2020 - 39
Food Business News - February 4, 2020 - 40
Food Business News - February 4, 2020 - 41
Food Business News - February 4, 2020 - New Food Insider
Food Business News - February 4, 2020 - 43
Food Business News - February 4, 2020 - 44
Food Business News - February 4, 2020 - Ingredient Market Trends: In the Spotlight - Waiting for China sales amid coronavirus and other uncertainties
Food Business News - February 4, 2020 - Ingredient Markets
Food Business News - February 4, 2020 - 47
Food Business News - February 4, 2020 - 48
Food Business News - February 4, 2020 - 49
Food Business News - February 4, 2020 - 50
Food Business News - February 4, 2020 - 51
Food Business News - February 4, 2020 - 52
Food Business News - February 4, 2020 - 53
Food Business News - February 4, 2020 - 54
Food Business News - February 4, 2020 - 55
Food Business News - February 4, 2020 - Supplier Innovations and News
Food Business News - February 4, 2020 - 57
Food Business News - February 4, 2020 - Classifieds
Food Business News - February 4, 2020 - 59
Food Business News - February 4, 2020 - 60
Food Business News - February 4, 2020 - Ad index
Food Business News - February 4, 2020 - Food Business in the News
Food Business News - February 4, 2020 - 63
Food Business News - February 4, 2020 - 64
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