Food Business News - May 12, 2020 - 69

Soy Products
Bookings of soy flour were limited
last week. Prices declined with slumping
soybean meal futures a factor.
Most major soy flour users, including
bakers, have covered their needs through
the end of 2020. There continued to be
inquiry for 2021 pricing, but millers were
not pressing coverage that far forward.
Soy flour processors continued to
operate without interruption.
The US Department of Agriculture
on May 1 said 192 million bus of soybeans
were crushed in March compared with
175 million bus in February and 179 million bus in March 2019. Soybean cake and
meal produced in March totaled 4,179,583
tons, up 9% from February and up 8%
from March 2019. Of that total, 55,022
tons were for edible protein products, up
10% from 49,916 tons in February and up
17% from 46,993 tons in March 2019.
The USDA said net export sales of
soybean meal for delivery in 2019-20
during the week ended April 30 totaled
131,400 tonnes, down 20% from a week
earlier and down 15% from the prior fourweek average. Sales fo r delivery in 202021 for the week totaled 39,800 tonnes.
The USDA said 23% of the soybeans
in the 18 principal producing states were
planted by May 3 compared with 8% a
week earlier and 11% as the recent fiveyear average for the date. FBN

Oats

Corn Products
Sales and shipments of corn products

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
May 12, 2020

+7½
+¾
-¾
-1
-1¼

+3¼
-3¾
-2¾
-1
-¼

3.42½
3.51¾
3.61
3.72
3.86¼

+1½
+1
+1¼
+¾
+½

+16½
+11
+12
+12¾
+14

7.97
8.09¼
8.15¾
8.21½
8.33¼

-.70
-1.70
-1.60
-1.30
-1.10

-1.00
-1.80
-1.00
-.20
+.50

Bookings of food-grade oat flakes
and other oat products were limited last

Soy flour

- Change from - Year
May 8
May 1 Apr. 24
ago
3.19
3.19¼
3.24¾
3.35¾
3.49
$ per bu
8.48¾
8.50½
8.52
8.51¾
8.55½
$ per ton
286.70
290.80
291.70
293.00
293.90

were unseasonably strong but beginning
to slow from the frenetic pace seen in the
previous several weeks of the pandemic.
Price changes were minor as corn futures
continued to hover near 10-year lows.
Most major users have coverage
extending into or through the third
quarter. In some instances, coverage has
been taken into the first quarter of 2021.
Millers indicated a move toward
more normal sales and operations patterns, although some continued to grind
corn nearly seven days a week.
Sales to foodservice customers
bounced from abysmal levels seen in
April but remained far below pre-pandemic levels. Sales of corn meal and flour
as well as breakfast cereal and mixes
at grocery stores have begun to trend
toward a more seasonal pace.
The USDA said net export sales of
corn for delivery in 2019-20 during the
week ended April 30 totaled 774,600
tonnes, down 43% from the previous
week and down 36% from the prior fourweek average. The USDA's 24-hour reporting service on May 7 noted a Chinese
purchase of 686,000 tonnes of US corn.
The USDA indicated 51% of the corn
crop in the 18 major producing states was
planted by May 3 compared with 27%
the previous week and 39% as the recent
five-year average for the date. FBN

284.10
287.30
289.20
291.20
293.00

Rice
Business in milled and industrial
rice remained strong, but the scramble
to ship product to meet urgent consumer
demand was beginning to subside. The
same buying pattern held true for brokens, extruded rice and rice flour.
Rice prices were strong with old crop
supplies increasingly tight. Arkansas
rice and rice byproduct prices as quoted
by the USDA were mixed, and world rice
prices as quoted by the USDA declined
after several weeks of advance.
The USDA said 49% of the rice crop
was planted by May 3 compared with 69%
as the recent five-year average for the date.
The USDA said net export sales of
rice for delivery in 2019-20 totaled 61,500
tonnes, up noticeably from a week earlier
and up 42% from the four-week average. FBN

Rice

Defatted, f.o.b. Midwest plant, $ per cwt - Change from -
May 8
May 1
Apr. 24
Bulk
32.35 @ 33.35 -.10 @ -.10
-.10 @ -.10
Sacked
34.35 @ 35.35 -.10 @ -.10
-.10 @ -.10

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

week. Prices were unchanged.
Most major buyers earlier booked
supply through September. Coverage
into the fourth quarter remained light.
While sales of oatmeal and other oat
products at grocery stores have slowed
somewhat from their recent peak, oat
mills continued to operate nearly full
schedules to replenish grocers' stocks.
Statistics Canada on May 7 said Canadian farmers intend to plant 3,833,000
acres to oats this spring, up 6.3% from
3,606,000 acres in 2019. If the forecast is
realized, the area seeded to oats would be
the largest since 4.3 million acres were
seeded in 2008. FBN

May 8
13.75 @ 14.00
15.52 @ 15.77
15.42 @ 15.67
17.84 @ 18.09

- Change from -
May 1
Apr. 24
-
-.09 @ -.09
-
-.09 @ -.09
-
-.09 @ -.09
-
-.09 @ -.09

Oats
May 8
Minneapolis
Food grade flakes, f.o.b.,
bagged, $ per cwt
28.75@29.25
Milling quality oats, No. 2 heavy,
$ per bu
3.49
Oat hulls, $ per ton
25@35

- Change from -
May 1
Apr. 24
-

+.25

+12¾c
-

-4c
-

Offers f.o.b. mills, $ per cwt, bagged - Change from - Year
Cash
May 8
May 1 Apr. 24 ago
Long grain
28.50@29
+0.50 +0.50
23.25
Medium grain
32.50
+0.50 +0.50
30.00
Parboiled
32.00
-
-
26.00
Second heads, bulk 18.75@19.50
-
-
18.00
Brewers
15.50@18.50
-
-
15.50
f.o.b. mills, $ per ton
Rice millfeed
40.00
-
-
40.00
Rice bran
95.00@105.00
-5.00
-5.00
80.00
Rice hulls
10.00
-5.00
-5.00
10.00
U.S.D.A. world price milled - $ per cwt
Long grain
17.83
-0.13 +0.39
13.44
Medium/short grain 17.47
-0.13 +0.38
12.94
Broken
11.31
-0.08 +0.25
8.11
C.B.O.T. rough rice futures - $ per cwt
May
16.70
-0.07½ +0.09
10.72
July
15.33
+0.55½ +0.66½ 10.98½
September
11.90
-0.02½ +0.04½
11.12
November
11.73
+0.02
-
11.21
Food Business News

69



Food Business News - May 12, 2020

Table of Contents for the Digital Edition of Food Business News - May 12, 2020

Food Business News - May 12, 2020 - 1
Food Business News - May 12, 2020 - 1
Food Business News - May 12, 2020 - 2
Food Business News - May 12, 2020 - 3
Food Business News - May 12, 2020 - 4
Food Business News - May 12, 2020 - 5
Food Business News - May 12, 2020 - 6
Food Business News - May 12, 2020 - 7
Food Business News - May 12, 2020 - 8
Food Business News - May 12, 2020 - 9
Food Business News - May 12, 2020 - 10
Food Business News - May 12, 2020 - 11
Food Business News - May 12, 2020 - 12
Food Business News - May 12, 2020 - 13
Food Business News - May 12, 2020 - 14
Food Business News - May 12, 2020 - 15
Food Business News - May 12, 2020 - 16
Food Business News - May 12, 2020 - 17
Food Business News - May 12, 2020 - 18
Food Business News - May 12, 2020 - 19
Food Business News - May 12, 2020 - 20
Food Business News - May 12, 2020 - 21
Food Business News - May 12, 2020 - 22
Food Business News - May 12, 2020 - 23
Food Business News - May 12, 2020 - 24
Food Business News - May 12, 2020 - 25
Food Business News - May 12, 2020 - 26
Food Business News - May 12, 2020 - 27
Food Business News - May 12, 2020 - 28
Food Business News - May 12, 2020 - 29
Food Business News - May 12, 2020 - 30
Food Business News - May 12, 2020 - 31
Food Business News - May 12, 2020 - 32
Food Business News - May 12, 2020 - 33
Food Business News - May 12, 2020 - 34
Food Business News - May 12, 2020 - 35
Food Business News - May 12, 2020 - 36
Food Business News - May 12, 2020 - 37
Food Business News - May 12, 2020 - 38
Food Business News - May 12, 2020 - 39
Food Business News - May 12, 2020 - 40
Food Business News - May 12, 2020 - 41
Food Business News - May 12, 2020 - 42
Food Business News - May 12, 2020 - 43
Food Business News - May 12, 2020 - 44
Food Business News - May 12, 2020 - 45
Food Business News - May 12, 2020 - 46
Food Business News - May 12, 2020 - 47
Food Business News - May 12, 2020 - 48
Food Business News - May 12, 2020 - 49
Food Business News - May 12, 2020 - 50
Food Business News - May 12, 2020 - 51
Food Business News - May 12, 2020 - 52
Food Business News - May 12, 2020 - 53
Food Business News - May 12, 2020 - 54
Food Business News - May 12, 2020 - 55
Food Business News - May 12, 2020 - 56
Food Business News - May 12, 2020 - 57
Food Business News - May 12, 2020 - 58
Food Business News - May 12, 2020 - 59
Food Business News - May 12, 2020 - 60
Food Business News - May 12, 2020 - 61
Food Business News - May 12, 2020 - 62
Food Business News - May 12, 2020 - 63
Food Business News - May 12, 2020 - 64
Food Business News - May 12, 2020 - 65
Food Business News - May 12, 2020 - 66
Food Business News - May 12, 2020 - 67
Food Business News - May 12, 2020 - 68
Food Business News - May 12, 2020 - 69
Food Business News - May 12, 2020 - 70
Food Business News - May 12, 2020 - 71
Food Business News - May 12, 2020 - 72
Food Business News - May 12, 2020 - 73
Food Business News - May 12, 2020 - 74
Food Business News - May 12, 2020 - 75
Food Business News - May 12, 2020 - 76
Food Business News - May 12, 2020 - 77
Food Business News - May 12, 2020 - 78
Food Business News - May 12, 2020 - 79
Food Business News - May 12, 2020 - 80
http://digital.foodbusinessnews.net/sosland/fbn/2020_05_26
http://digital.foodbusinessnews.net/sosland/fbn/2020_05_12
http://digital.foodbusinessnews.net/sosland/fbn/2020_04_28
http://digital.foodbusinessnews.net/sosland/fbn/2020_04_14
http://digital.foodbusinessnews.net/sosland/fbn/2020_03_31
http://digital.foodbusinessnews.net/sosland/fbn/2020_03_17
http://digital.foodbusinessnews.net/sosland/fbn/2020_03_03
http://digital.foodbusinessnews.net/sosland/fbn/2020_02_18
http://digital.foodbusinessnews.net/sosland/fbn/2020_02_04
http://digital.foodbusinessnews.net/sosland/fbn/2020_01_21
http://digital.foodbusinessnews.net/sosland/fbn/fbn/2020_01_07
http://digital.foodbusinessnews.net/sosland/fbn/2019_12_24
http://digital.foodbusinessnews.net/sosland/fbn/2019_12_10
http://digital.foodbusinessnews.net/sosland/fbn/2019_11_26
http://digital.foodbusinessnews.net/sosland/fbn/2019_11_12
http://digital.foodbusinessnews.net/sosland/fbn/2019_10_29
http://digital.foodbusinessnews.net/sosland/fbn/2019_10_15
http://digital.foodbusinessnews.net/sosland/fbn/2019_10_01
http://digital.foodbusinessnews.net/sosland/fbn/2019_09_17
http://digital.foodbusinessnews.net/sosland/fbn/2019_09_03
http://digital.foodbusinessnews.net/sosland/fbn/2019_08_20
http://digital.foodbusinessnews.net/sosland/fbn/2019_08_06
http://digital.foodbusinessnews.net/sosland/fbn/2019_07_23
http://digital.foodbusinessnews.net/sosland/fbn/2019_07_09
http://digital.foodbusinessnews.net/sosland/fbn/2019_06_25
http://digital.foodbusinessnews.net/sosland/fbn/2019_06_11
http://digital.foodbusinessnews.net/sosland/fbn/2019_05_28
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
https://www.nxtbook.com/sosland/fbn/2018_03_06
https://www.nxtbook.com/sosland/fbn/2018_02_20
https://www.nxtbook.com/sosland/fbn/2018_02_06
https://www.nxtbook.com/sosland/fbn/2018_01_23
https://www.nxtbook.com/sosland/fbn/2018_01_09
https://www.nxtbook.com/sosland/fbn/2017_12_26
https://www.nxtbook.com/sosland/fbn/2017_12_12
https://www.nxtbook.com/sosland/fbn/2017_11_28
https://www.nxtbook.com/sosland/fbn/2017_11_14
https://www.nxtbook.com/sosland/fbn/2017_10_31
https://www.nxtbook.com/sosland/fbn/2017_10_17
https://www.nxtbook.com/sosland/fbn/2017_10_03
https://www.nxtbook.com/sosland/fbn/2017_09_19
https://www.nxtbook.com/sosland/fbn/2017_09_05
https://www.nxtbook.com/sosland/fbn/2017_08_22
https://www.nxtbook.com/sosland/fbn/2017_08_08
https://www.nxtbook.com/sosland/fbn/2017_07_25
https://www.nxtbook.com/sosland/fbn/2017_07_11
https://www.nxtbook.com/sosland/fbn/2017_06_27
https://www.nxtbook.com/sosland/fbn/2017_06_13
https://www.nxtbook.com/sosland/fbn/2017_05_30
https://www.nxtbook.com/sosland/fbn/2017_05_16
https://www.nxtbook.com/sosland/fbn/2017_05_02
https://www.nxtbook.com/sosland/fbn/2017_04_18
https://www.nxtbook.com/sosland/fbn/2017_04_04
https://www.nxtbook.com/sosland/fbn/2017_03_21
https://www.nxtbook.com/sosland/fbn/2017_03_07
https://www.nxtbook.com/sosland/fbn/2017_02_21
https://www.nxtbook.com/sosland/fbn/2017_02_07
https://www.nxtbook.com/sosland/fbn/2017_01_24
https://www.nxtbook.com/sosland/fbn/2017_01_10
https://www.nxtbook.com/sosland/fbn/2016_12_27
https://www.nxtbook.com/sosland/fbn/2016_12_13
https://www.nxtbook.com/sosland/fbn/2016_11_29
https://www.nxtbook.com/sosland/fbn/2016_11_15
https://www.nxtbook.com/sosland/fbn/2016_11_01
https://www.nxtbook.com/sosland/fbn/2016_10_18
https://www.nxtbook.com/sosland/fbn/2016_10_04
https://www.nxtbook.com/sosland/fbn/2016_09_20
https://www.nxtbook.com/sosland/fbn/2016_09_06
https://www.nxtbook.com/sosland/fbn/2016_08_23
https://www.nxtbook.com/sosland/fbn/2016_08_09
https://www.nxtbook.com/sosland/fbn/2016_07_26
https://www.nxtbook.com/sosland/fbn/2016_07_12
https://www.nxtbook.com/sosland/fbn/2016_06_28
https://www.nxtbook.com/sosland/fbn/2016_06_14
https://www.nxtbook.com/sosland/fbn/2016_05_31
https://www.nxtbook.com/sosland/fbn/2016_05_17
https://www.nxtbook.com/sosland/fbn/2016_05_03
https://www.nxtbook.com/sosland/fbn/2016_04_19
https://www.nxtbook.com/sosland/fbn/2016_04_05
https://www.nxtbook.com/sosland/fbn/2016_03_22
https://www.nxtbook.com/sosland/fbn/2016_03_08
https://www.nxtbook.com/sosland/fbn/2016_02_23
https://www.nxtbook.com/sosland/fbn/2016_02_09
https://www.nxtbook.com/sosland/fbn/2016_01_26
https://www.nxtbook.com/sosland/fbn/2016_01_12
https://www.nxtbook.com/sosland/fbn/2015_12_29
https://www.nxtbook.com/sosland/fbn/2015_12_15
https://www.nxtbook.com/sosland/fbn/2015_12_01
https://www.nxtbook.com/sosland/fbn/2015_11_17
https://www.nxtbook.com/sosland/fbn/2015_11_03
https://www.nxtbook.com/sosland/fbn/2015_10_20
https://www.nxtbook.com/sosland/fbn/2015_10_06
https://www.nxtbook.com/sosland/fbn/2015_09_22
http://digital.foodbusinessnews.net/sosland/fbn/09_08_2015
https://www.nxtbook.com/sosland/fbn/2015_08_25
https://www.nxtbook.com/sosland/fbn/2015_08_11
https://www.nxtbook.com/sosland/fbn/2015_07_28
https://www.nxtbook.com/sosland/fbn/2015_07_14
https://www.nxtbook.com/sosland/fbn/2015_06_30
https://www.nxtbook.com/sosland/fbn/2015_06_16
https://www.nxtbook.com/sosland/fbn/2015_06_02
https://www.nxtbook.com/sosland/fbn/2015_05_19
https://www.nxtbook.com/sosland/fbn/2015_05_05
https://www.nxtbook.com/sosland/fbn/2015_04_21
https://www.nxtbook.com/sosland/fbn/2015_04_07
https://www.nxtbook.com/sosland/fbn/2015_03_24
https://www.nxtbook.com/sosland/fbn/2015_03_10
https://www.nxtbook.com/sosland/fbn/fbn/2015_02_24
https://www.nxtbook.com/sosland/fbn/2015_02_10
https://www.nxtbook.com/sosland/fbn/2015_01_27
https://www.nxtbook.com/sosland/fbn/2015_01_13
https://www.nxtbook.com/sosland/fbn/2014_12_30
https://www.nxtbook.com/sosland/fbn/2014_12_16
https://www.nxtbook.com/sosland/fbn/2014_12_02
https://www.nxtbook.com/sosland/fbn/2014_11_18
https://www.nxtbook.com/sosland/fbn/2014_11_04
https://www.nxtbook.com/sosland/fbn/2014_10_21
https://www.nxtbook.com/sosland/fbn/2014_10_07
https://www.nxtbook.com/sosland/fbn/2014_09_23
https://www.nxtbook.com/sosland/fbn/2014_09_09
https://www.nxtbook.com/sosland/fbn/2014_08_26
https://www.nxtbook.com/sosland/fbn/2014_08_12
https://www.nxtbook.com/sosland/fbn/2014_07_29
https://www.nxtbook.com/sosland/fbn/2014_07_15
https://www.nxtbook.com/sosland/fbn/2014_07_01
https://www.nxtbook.com/sosland/fbn/2014_06_17
https://www.nxtbook.com/sosland/fbn/2014_06_03
https://www.nxtbook.com/sosland/fbn/2014_05_20
https://www.nxtbook.com/sosland/fbn/2014_05_06
https://www.nxtbook.com/sosland/fbn/2014_04_22
https://www.nxtbook.com/sosland/fbn/2014_04_08
https://www.nxtbook.com/sosland/fbn/2014_03_25
https://www.nxtbook.com/sosland/fbn/2014_03_11
https://www.nxtbook.com/sosland/fbn/2014_02_25
https://www.nxtbook.com/sosland/fbn/2014_02_11
https://www.nxtbook.com/sosland/fbn/2014_01_28
https://www.nxtbook.com/sosland/fbn/2014_01_14
https://www.nxtbook.com/sosland/fbn/2013_12_31
https://www.nxtbook.com/sosland/fbn/2013_12_17
https://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
https://www.nxtbook.com/sosland/fbn/2013_07_16
https://www.nxtbook.com/sosland/fbn/2013_07_02
https://www.nxtbook.com/sosland/fbn/2013_06_18
https://www.nxtbook.com/sosland/fbn/2013_06_04
https://www.nxtbook.com/sosland/fbn/2013_05_21
https://www.nxtbook.com/sosland/fbn/2013_05_07
https://www.nxtbook.com/sosland/fbn/2013_04_23
https://www.nxtbook.com/sosland/fbn/2013_04_09
https://www.nxtbook.com/sosland/fbn/2013_03_26
https://www.nxtbook.com/sosland/fbn/2013_03_12
https://www.nxtbook.com/sosland/fbn/2013_02_26
https://www.nxtbook.com/sosland/fbn/2013_02_12
https://www.nxtbook.com/sosland/fbn/2013_01_29
https://www.nxtbook.com/sosland/fbn/2013_01_15
https://www.nxtbook.com/sosland/fbn/2013_01_01
https://www.nxtbook.com/sosland/fbn/2012_12_18
https://www.nxtbook.com/sosland/fbn/2012_12_04
https://www.nxtbook.com/sosland/fbn/2012_11_20
https://www.nxtbook.com/sosland/fbn/2012_11_06
https://www.nxtbook.com/sosland/fbn/2012_10_23
https://www.nxtbook.com/sosland/fbn/2012_10_09
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