Market News. Market Report - Eggs. Amerifresh Produce Weekly Link. Cheese & Butter Market Update. Flour Facts Produce Market Update

Size: px

Start display at page:

Download "Market News. Market Report - Eggs. Amerifresh Produce Weekly Link. Cheese & Butter Market Update. Flour Facts Produce Market Update"

Buddy Carr
5 years ago
Views:

Market Report - Eggs Flour Facts Produce Market

1 Click on the link below to view updates: Cheese & Butter Market Update Amerifresh Produce Weekly Link Market Report - Eggs Flour Facts Produce Market Update Oil Market Watch Dairy Market Summary Market News

2 Egg Market Week of December 21, 2015 TONE: Retail demand good. Supplies readily available. Market soft & adjusting. The regional egg markets are as follows: Northeast Midwest Southeast South Central Lg Md Source: Esbenshade, Inc.

3 Weekly Market Highlights Winter wheat futures are at nearly the same value we saw one week ago after declining yesterday. Basis has been softening, but remains high. Spring wheat futures are about a nickel higher and basis levels for high protein spring wheat climbed a dime during the week. Overall these are small moves compared to more volatile years for wheat and other commodity markets due in part to the lack of support from export sales. U.S. wheat exports are forecast to be the lowest in more than forty years. Lack of major snowfall and bitter cold have kept shipments moving efficiently so far this winter, one more factor in limiting price volatility for wheat and flour. As this will be our last communication for 2015 we would like to take this opportunity to thank all of our Customers for their continued support of our flour business. We wish you all Safe and Happy Holidays and look forward to serving you in 2016 and for many more years to come. Put em all together and what d ya get? Facts on Flour With the major classifications categories defined Winter and Spring, Hard and Soft, Red and White we can combine them to discover the range of wheat available. The major classifications of wheat used in the U.S. are: Hard Red Winter, Hard Red Spring, Soft Red Winter and Soft White Winter. One other classification of wheat is Durum. Now that we have identified the major wheat types, over the next several weeks, we can begin to discuss different flour types. Because, just as wheat is not just wheat, flour is not just flour. DECEMBER 17, 2015 Bushel Price $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 Futures & Basis Markets KC Future Mpls Future Spring 15% Basis Winter 13% Basis Flour pricing consists of a combination of Wheat futures prices and Basis Premium prices per bushel. Information contained on this chart closely resembles Gold Medal All Trumps, Mpls. Future + 15% Basis, and Harvest King, KC Future + 13% Basis. This chart does not reflect changes in millfeed values. This Chart is meant to indicate Market Direction Only. The Flour Facts will be off the next two weeks for the Holidays. Look for us again on January 7!

Produce Market Update Produce from the Ground Up For the week of: December 20 th 2015 Fresh Broccoli Salad Ingredients: 1 tablespoon white wine vinegar 1 lemon, zested 1 tablespoon freshly squeezed

grape tomatoes, halved 3 ounces coarsely chopped, toasted pecans or hazelnuts 2 tablespoons fresh basil leaves Instructions: Whisk together the vinegar, zest, lemon juice, mustard, salt and pepper in

4 Produce Market Update Produce from the Ground Up For the week of: December 20 th 2015 Fresh Broccoli Salad Ingredients: 1 tablespoon white wine vinegar 1 lemon, zested 1 tablespoon freshly squeezed lemon juice 2 teaspoons Dijon mustard 1 teaspoon kosher salt Pinch freshly ground black pepper 1/4 cup olive oil 1 pound broccoli, rinsed, trimmed and sliced thinly on a mandolin 6 ounces cherry or grape tomatoes, halved 3 ounces coarsely chopped, toasted pecans or hazelnuts 2 tablespoons fresh basil leaves Instructions: Whisk together the vinegar, zest, lemon juice, mustard, salt and pepper in a medium mixing bowl. While whisking constantly, gradually add the olive oil. Add the broccoli and toss to coat. Cover and place in the refrigerator for 1 hour. Stir in the tomatoes, hazelnuts and basil. Cover and allow to sit, at room temperature or in the refrigerator, for another 15 minutes before serving The above recipe is from Alton Brown,

5 AVOCADO -- Movement remains slightly sluggish from the Thanksgiving hangover. Good promotions have been set December. Mexican shipments to the U.S. were up a slight amount last week and look to be consistent for the next few weeks. Supply and demand should hold fairly steady until Super Bowl ramp up begins in early January. We are seeing peak sizes range on 36s/ 40s/48s, but availability on 60s/70s continues to be an issue for some shippers. This new crop fruit is lower in maturity and will take longer to ripen and not darken as much when ripen BROCOLLI -- Demand exceeds supply We expect to stay in this situation for another week with cold nights in Yuma resulting in a slower growth rate. We are still substituting Crowns for 14/18 CT Broccoli. Prices remain high and product is very tight. CARROTS -- Availability is below average for jumbo carrots in the Cuyama Valley of California, located at higher elevation southwest of Bakersfield. Quality is good. CAULIFLOWER -- Demand continues to exceed ACT OF GOD: Again, DEMAND EXCEEDS SUPPLY. We are seeing high prices and NONEXISTANT supply. The crops in Yuma are very slow and the cauliflower growth rate is slow. We will keep you posted on the fields as we see more growth with this commodity. CELERY --.Demand exceeds supply on celery. Please be aware that the celery market has been greatly affected by the weather. This has been the longest shortage that we have seen in recent history. Weather, disease and holiday pull have attributed to severe price increases and shortages in the market. Celery is expected to get even tighter and rise more in price. LETTUCE -- Peeling epidermis caused by freezing weather in the desert regions continues to cause havoc with both quality and supplies. Supplies have improved with some shippers and not so much with others. For that reason there is a range of pricing depending on availability. Besides peeling epidermis, weak tip, misshapen heads, growth crack and insect damage are showing up in some samples depending on shipper and location. Head size is generally medium to medium plus. Some samples continue showing up ribby and misshapen. Weights are ranging from the mid 30 s to the mid 40 s on cello 24 s depending on shipper and field location LEAF LETTUCE / ROMAINE --. Supplies on all leaf items are much improved compared to last week, though with freezing temps hitting the desert regions in the past few weeks, quality is about the same. Blister and even broken blister are now showing up around all desert areas. Quality is up and down depending on shipper and field location. Insect damage continues being an issue in some samples. Wind burn and fringe burn continue showing up here and there, especially in romaine and green leaf. PEPPERS/CUCUMBERS/SQUASH -- Peppers -- Green bell pepper production is beginning to increase in Northern Mexico, offsetting a late season decline in the Coachella Valley of California. Strong demand is still creating tighter availability on L, XL and Jumbo. The East Coast green bell market is extremely tight due to last week s heavy rain and will remain tight through December. Quality is poor. Red bells are finishing up in the desert and field production is extremely light in Baja, forcing a shift to hot house. Red bell market will remain short until mainland Mexico begins to scratch fields late this week or early next week.

6 Cucumbers --.Production will be interrupted or extremely light in Florida due to recent rains and are expected to remain that way through December. Northern Mexico (Sonora) will be supporting the market until districts in Sinaloa begin sometime next week. Supplies from Mexico will be improving over the next week with favorable growing and harvest conditions throughout the country. Zucchini & Yellow West coast market conditions apply to squash yellow and zucchini alike, with hard freezing Markets will remain. Demand exceeds supply as markets have tightened across the industry. Prices will remain firm due to the recent rain in Florida as well as the recent cold snap to hit Sonora this week. POTATOES -- The carton supply remains plentiful on all sizes. Supplies are still exceeding demand allowing pricing to remain consistent. We have seen a slight upturn in small consumer bag potatoes. The biggest obstacle has been weather through Wyoming and Utah as Interstate 80 was shut down for all of Tuesday and Wednesday and has delayed shipments, as well as trucks returning to the Northwest to pick up loads. ONIONS -- While demand has improved, pricing on all three colors has not. Red onion pricing remains firm while pricing on yellow and white onions remain soft. The biggest obstacle has been weather through Wyoming and Utah as Interstate 80 was shut down for all of Tuesday and Wednesday and has delayed shipments, as well as trucks returning to the Northwest to pick up loads. TOMATOES -- Rounds: Heavy rain in Florida during early December has caused a significant decline in yield and quality; affecting round, and thus we are in a demand exceeds situation Cherry and Grape: The market is higher. Supplies are tightening, with Florida up in pricing. Mexico crossing grapes, however, supplies are also lighter. Quality is Good. Roma: The market is higher. Supplies are very short this week. Some shippers finished up production and other delayed by rain. Mexico also hampered by rain, causing shorter supplies out west. Quality is Good/Fair APPLES / PEARS -- The red delicious market is steady and most shippers are still peaking on 72/80/88s. 113s and smaller remain limited. Washington s red delicious volume is down by 30% from last year so expect a season-long strong market. Golden delicious are also steady and are still producing mostly Wash-Extra 100/113s. Large Gulden s are still very short! Washington s golden delicious volume is down by 25% from last year so expect them to also stay strong all season. The Granny-smith market is steady on all sizes and they are peaking on 88/100/113s. Most Granny shippers don t have much larger than an 88 and they are still short on 125 s and smaller. Galas are steady on all sizes. STRAWBERRIES -- The market is still very active, although we are seeing improvement. We are seeing some quality issues including bruising, mildew and product being overripe. Cooler weather has helped with the quality of berries although they are still not perfect. Baja and Florida production will help increase the supply. We hope to see this by the end of December. CITRUS -- Lemons: Fruit is now mostly out of CA and new crop looks good. Running about 65% fancy grade and peaking 115/140/95/75/165/200. Preliminary estimates have this fruit running large and heavy fancy as well (55-60%). The El Nino will affect the sizing and availability of fruit and how much remains to be seen. Quality is good and we are seeing the market firm up on small fruit.

7 Oranges: Navel crop is peaking on 88s/113s/72s. Cooler night time temps are bring on better natural color to the oranges and growers are able to drop gas times on the fruit down to 48 hours or less for some. This will help both quality and turnaround of fruit. Volumes will continue to be steady. Limes: The lime market is higher on all of the sizes now. Hard rains in the last few days have temporarily disrupted harvesting in the growing area but current production should be back to normal by mid next week. Bigger fruit is the result of the rains. Holiday demand from Europe has started and they prefer smaller sized limes. The increased size of the fruit and increased demand is putting upward pressure on the small sized fruit. The overall quality is very good on the new crop. We continue to have good demand on limes. GRAPES --.Market is starting to be very active with recent rainy weather taking a toll on crops. Demand for Red Globes will be picking up in late December. MELONS -- Cantaloupe & Honey Dew --. Honey Dews are tight due to the weather and quality is overall good. While supplies have increased this week, we will see another dip in production starting next week. The cause of this shortage is due to the rains and cold weather in the growing regions and holiday pull. We do anticipate the market to ease up over the next ten days. However, we always see a very tight market the week of 12/21 in anticipation for the holidays. Quality remains good. Watermelon --. Seedless watermelon supplies have remained steady and we are seeing a lighter demand which will help push the market down. Quality is average. We are seeing issues with old crop, however new crop does look better. Seeded fruit is available with FOB Nogales, the mini seedless have great availability and low prices. Produce Peddler Pro Mark [573] Ron Orr ronorr@promarkproduce.com

8 December 18, 2015 Market Watch Market Watch

Soybean Oil Market Pricing Trend Soybean Oil Crop Updates Argentine planting progress @ 72.4% complete vs. last year s 76.1%. Rain in Brazil has been ok, but the crop could use a drink. Misc.

Oil share should be watched, meal demand in question. Bullish Recent Trend Neutral December 18, 2015 Bearish Key Factors Impact Value Ranges * Flash Summary NOPA placed crush for Nov 15 at 156.

9 Soybean Oil Market Pricing Trend Soybean Oil Crop Updates Argentine planting 72.4% complete vs. last year s 76.1%. Rain in Brazil has been ok, but the crop could use a drink. Misc. Influences Smaller than expected NOPA crushing. Increasing US soy oil stocks. Blenders will receive the tax credit rather than the producers we expected. Oil share should be watched, meal demand in question. Bullish Recent Trend Neutral December 18, 2015 Bearish Key Factors Impact Value Ranges * Flash Summary NOPA placed crush for Nov 15 at , well below the estimate and last month s Oil yield was Macri has held true to the campaign platforms. Corn, wheat and other exports were cut to 0%. Soybeans and its products were reduced from 35% to 30%. The next major change is the currency devaluation and letting the blue rate float. The market expected a more thought-out plan and process rather than the approach they actually took. They called it a dirty float and allowed the trade to run the show with a plan to jump in if things went south. The interesting feature was the initial sharp drop actually rallied late in the session. Argentine farmers are already seeing increased profit in the 2 moves. The new president has made estimated to make them an extra $2/bu. The selling hasn t shown up like many expected. Yesterday s estimate was around 100 tmt sold. Very small considering rumors of the 20 MMT stocks they are sitting on. Weekly bean export sales were a disappointing tmt, nearly half of last week s 1.5 MMT. Oil share is a flat 35.3% in Jan, Mar and May, unchanged from where we were last week. * Value ranges represent good booking levels if the market dips into this range Expected Value Range $ $29.00 cash The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

Corn Oil Corn Oil Market Pricing Trend Crop Updates Dryness in Brazilian Mato Grosso has lent support to the markets. Argentine plantings are 59% complete vs. 50.

10 Corn Oil Corn Oil Market Pricing Trend Crop Updates Dryness in Brazilian Mato Grosso has lent support to the markets. Argentine plantings are 59% complete vs. 50.4% last week and 60% this time last year. Flash Summary Recent Trend Misc. Influences Key Factors Export demand for corn oil remains at the forefront of the market, underpinning prices. Early 2016 US acreage estimates out this week - little changed from previous forecasts. Argentine peso devaluation and cut of the export duty should increase corn exports. Impact Argentina is the main topic of the corn market between the devaluation and cut of export taxes. Corn exports were slow in the corn market at 579 tmt vs. the tmt/week needed to reach the lowered USDA forecast at 1,750 milbus. Ethanol production remained strong this week at 1000 kbd, up slightly from last week and 1% above last year. Stocks also saw an increase week over week from 833 to 853 mln gallons. Some analysts report that it is interesting to see reports that China may re-open anti-dumping proceedings on US DDG imports as they continue to try to figure out how to rid themselves of excessive domestic corn stocks. The industry seems to be at odds as to whether wet milling of corn is on the increase or decrease. Rising sugar prices could increase demand for HFCS. Bullish Neutral December 18, 2015 Bearish Value Ranges * * Value ranges represent good booking levels if the market dips into this range Expected Value Range $ $42.00 cash The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

Canola Oil Market Pricing Trend Canola/Rapeseed Oil Crop Updates We have not seen a USDA report with the new StatsCan data being included, but a crop increase is likely.

Good sales of rapeseed oil out of Chinese reserves may signal limited demand ahead. Blenders tax credit to support biodiesel production.

11 Canola Oil Market Pricing Trend Canola/Rapeseed Oil Crop Updates We have not seen a USDA report with the new StatsCan data being included, but a crop increase is likely. Dry conditions have spurred concern for the Indian rapeseed crop. Recent Trend Misc. Influences Large Canadian supply helps make canola pricing attractive. Good sales of rapeseed oil out of Chinese reserves may signal limited demand ahead. Blenders tax credit to support biodiesel production. Bullish Neutral December 18, 2015 Bearish Key Factors Canola futures continue to track the CME. Impact Canadian dollar hit 11 year lows, making exports more attractive to international buyers and should help boost the crush margins higher than the crushers have been seeing. The Fed s 25 point hike supported the US Dollar helping spread the Canadian dollar even further off. Canadian canola crush continued strong to start the crop year off, currently forecasted up 2% from last year s pace. The biodiesel credit released as blenders took some upside pressure off of the canola futures market, and Canadian biodiesel can qualify for the blender s tax credit. Turnover on the canola futures market is slow with 80% being spreading. The coming holiday week will be expected slower as well. Value Ranges * Flash Summary * Value ranges represent good booking levels if the market dips into this range Expected Value Range $ $34.00 cash The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

Tropical Oils Palm and Coconut Oil Market Pricing Trends Crop Updates Palm oil yields expected to continue to reflect dryness from the El Nino weather pattern Typhoon Melor has resulted in damage to

Palm oil exports remain sluggish, and competition is expected to increase from South American oil. Signs of El Nino showing up in lower yields. Indian palm oil purchases to be watched.

Indonesia and Malaysian palm oil stocks have been growing thanks to slower exports.

12 Tropical Oils Palm and Coconut Oil Market Pricing Trends Crop Updates Palm oil yields expected to continue to reflect dryness from the El Nino weather pattern Typhoon Melor has resulted in damage to the Philippine coconut crop this past week. Production effects are difficult to quantify at this point. Flash Summary Recent Trend Misc. Influences Key Factors Stocks building up at ports in SE Asia. Palm oil exports remain sluggish, and competition is expected to increase from South American oil. Signs of El Nino showing up in lower yields. Indian palm oil purchases to be watched. Impact Bulls and bears continue to weigh large nearby stocks with expectations for lower output in the coming months. Indonesia and Malaysian palm oil stocks have been growing thanks to slower exports. India has been a good buyer of South American soyoil which, along with sluggish imports from China, could remain a bearish feature in the nearby months. Palm oil prices to our shores have been choppy this week due to changes in the Ringgit. Coconut oil prices remain firm, and have been underpinned by Typhoon Melor. Palm kernel oil prices have firmed as kernels have become more scarce. Some see this as a signal of El Nino production issues, but there has also been switching from coconut when possible. Bullish Neutral Bearish December 18, 2015 The information above reflects the current opinion of Stratas Foods but does not represent a guarantee of future market conditions. All final oil booking decisions should be made by the end customer and not Stratas Foods. Market Watch

12/18/2015 Dairy Market Summary BLOCK: Up.0300 @ $ 1.4400 5 Sales BARRELS: Up.0400 @ $ 1.4500 0 Sales BUTTER: Down.0075 @ $ 2.0600 13 Sales NFDM Grade A: Down.0150 @ $.

13 12/18/2015 Dairy Market Summary BLOCK: $ Sales BARRELS: $ Sales BUTTER: $ Sales NFDM Grade A: $ Sales Date Blocks Block Change Sales Barrels Barrel Change Barrel Sales Spread 12/14/ Up Up /15/ Down Down /16/ Down Down /17/ Unchanged Unchanged /18/ Up Up Average Market: Date Butter Butter Change Butter Sales Grd A Grd A Change Grd A Sales 12/14/ Down Up /15/ Unchanged Down /16/ Up Up /17/ Down Unchanged 0 12/18/ Down Down Average Market: Year Ago-- Date Blocks Barrels Butter NFDM Grade A 12/16/ /17/ /18/ /19/

Heeren E-Market Report

Heeren E-Market Report December 19, 2016 Overview Garlic will remain in an extreme market. We see Iceberg getting tighter. Cauliflower is also in an extreme market as we are seeing a shortage in supply and prices are escalated.