Food Business News - August 26, 2014 - (Page 43)

INGREDIENTMARKETTRENDS In The Spotlight At A Glance Canadian crop forecasts at 'more normal levels' tatistics Canada on Aug. 21 forecast Canadian wheat, canola and corn production at "more normal levels" in 2014 following record outturns for each in 2013. Wheat production in Canada was forecast at 27,704,700 tonnes in 2014, down 26% from a record 37,529,600 tonnes in 2013, Statistics Canada said in its Production of Principal Field Crops report. "The anticipated decrease is the result of 2.6 million fewer harvested acres, and an overall yield decline of 17.6% to 44 bus per acre," Statistics Canada said. Wheat production was forecast to decline 27% in Saskatchewan, 22% in Alberta and 35% S in Manitoba. "At the time of the survey, farmers on the Prairies reported that excessive rains in late June were likely to affect harvestable area," Statistics Canada said. Production of spring wheat excluding durum was forecast at 19,972,300 tonnes, down 27% from a record 27,238,700 tonnes in 2013. Winter wheat production was estimated at 2,779,200 tonnes, down 27% from 3,786,400 tonnes in 2013. The durum outturn was forecast at 4,953,200 tonnes, down 24% from 6,504,500 tonnes last year. Statistics Canada forecast 2014 canola production at 13,908,000 tonnes, down 23% from a record 17,960,100 tonnes in 2013. Average canola yield was forecast at 32 bus per acre, down 20% from last year. Canola production was forecast to decline 25% in Saskatchewan, 17% in Alberta and 27% in Manitoba. Canadian corn production was forecast at 11,430,500 tonnes, down 20% from a record 14,193,800 tonnes in 2013. In contrast, Canadian soybean production was forecast at a record 5,900,700 tonnes in 2014, up 14% from 5,198,400 tonnes in 2013, the current record. Barley production was forecast at 7,163,600 tonnes, down 30% from 10,237,100 tonnes in 2013. The Canadian oats outturn was forecast at 2,639,400 tonnes, down 32% from 3,888,000 tonnes a year ago. Sunflowerseed production was seen at 78,200 tonnes, up 51% from 51,900 tonnes last year. Production of dry field peas was forecast at 3,558,000 tonnes, down 8% from 3,849,300 tonnes in 2013. Lentil production was forecast at 1,929,900 tonnes, up 3% from 2013. Total dry edible bean production was forecast at 300,200 tonnes, up 46% from 205,900 tonnes in 2013. The Statistics Canada forecasts were below average trade expectations of 28.5 million tonnes for all-wheat, 5.2 million tonnes for durum, 14.5 million tonnes for canola, 7.5 million tonnes for barley and 3 million tonnes for oats. FBN 2014 apple production in million lbs Washington 6,800.0 Per cent of production 62.5% New York 1,250.0 11.5% Michigan 1,100.0 10.0% All others 16.0% 1,738.4 Source: U.S. Department of Agriculture Pork cutout value per cwt $150 $120 $90 $60 Sept. Nov. Jan. March May 2013 2014 July Ingredient Indexes Vanilla Ice Cream Commodity Trends Dry edible bean planted area All other 183.7 in 1,000 acres Pinto 603.2 Milk Chocolate Bar Great Northern 87.9 U.S. dry edible bean production was forecast at 28.7 million cwts in 2014, up 17% from a year ago. Kidney 108.3 Black 216.2 Garbanzo 224.1 Navy 248.5 Source: U.S. Department of Agriculture August 26,OODBUSINESS NEWS 43 F 2014 ® December FOODBUSINESS NEWS 17, 2013 43 ®

Table of Contents for the Digital Edition of Food Business News - August 26, 2014

Food Business News - August 26, 2014
Wal-Mart in effort to be even more price competitive
Coca-Cola Co., Monster Beverage enter energy drink deal
Beverage Business News - Blending innovation in the juice segment
Table of Contents
Web Contents
Editorial - Social progress tied to diet
Wal-Mart in effort to be even more price competitive
Nestle to implement animal welfare standards
TreeHouse ahead on Keurig 2.0 product
Kraft, McDonald’s going forward with McCafé partnership
Gary Rodkin to retire from ConAgra Foods
Pinnacle Foods moving past Hillshire ‘distraction’
Displays, distribution propel Hostess cakes, rival says
Popcorn has global possibilities
TreeHouse Foods eyeing private label organic, natural category
Big Lots ramps up food offerings
Market Insight - Beef's simmering troubles
Washington - Transportation proposal under scrutiny
Ingredient Innovations - Rallying around omega-3
Oil blend with omega-3s offers stability
Health and Wellness - Better living through nutrition
New Food Products
Ingredient Market Trends - Canadian crop forecasts at ‘more normal levels’
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - August 26, 2014