Start the year off with a new Market News report update! Continue reading for recent highlights on the baking industry:
WHEAT: The commitment of traders show that the funds have been exiting their positions in wheat and are currently short in Chicago wheat. Railroad movement is 2-3 weeks behind with the shortage of workers – this has caused winter wheat basis to be the highest it has been since 2008. Wheat export sales have slowed down as U.S. wheat prices continue to be higher than the rest of the global market.
EGGS: Wholesale prices for cartoned shell eggs moved lower through the holiday-shortened week as the holiday demand season passes. Supplies are adequate for current needs while offerings are light to mostly moderate. Trading is slow to moderate and focused on restocking into the new year. Wholesale prices for graded loose eggs declined through the week as business in the post-holiday period slows. Interest is declining and trading is limited as supplies are fully adequate.
BUTTER: No new update available.
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For quality & essential baking ingredients, contact Buchmann Eggs TODAY. Get baking this holiday season!