Miller Magazine Issue: 120 December 2019

57 COVER STORY MILLER / DECEMBER 2019 Please see below example: As chart above shows, W results demonstrate high heterogeneity between lots within one vessel load. While average W and a composite result show about 200 figu- re, W on some lots are near 100 figure. Such heteroge- neity can predict to some extent, inconsistent results in bread making experience from such wheat parcel. We can assume that such situations could be also caused by mixing of feed wheat to milling wheat du- ring formation of exported batches (which is associa- ted, among other things, with the changes in the local standard for wheat that prescribes class 4 to be con- sidered as both feed and milling). At this, only Protein parameter is taken into consideration in disregard of rheological characteristics. In view of this, we assume that (1) homogeneity of wheat should be considered/tested, (2) depending on a final product the wheat is targeted to produce (nood- les, flat or formed bre- ad, etc), a degree of suitability should be evaluated. Even for the parcels showing good results for usual rheological parame- ters prescribed by the contract, some addi- tional testing should be carried out in order to receive an extra in- formation for deeper understanding of rhe- ological characteristi- cs of each particular wheat parcel and to be able to evaluate and work out the customized approach for further bre- ad backing process (preparation of the technological map, maintenance of technological conditions, proper fermentation time, etc).” PRICE TREND REFLECTIONS: CROUCHING TIGER COULD WIN FROM CHANGED EXPORT STRATEGY As of end of November 2019, Russian wheat 12.5% protein prices increased to about $209/MT FOB port for December delivery. It is the 2nd peak for this season and most of market analysts are on the bullish side. Combining the trend of previous years to the domination of current bullish fac- tors, we could not exclude that within about 3 month, Russian wheat prices have the potential to increase by at least 4-5%, heating the prices of other origins as well. We are not going to influence the readers’ opinion; we are just underlying the factors. Composite sample Sublots samples