Food Business News - April 7, 2015 - (Page 44)

INGREDIENTMARKETTRENDS In The Spotlight At A Glance U.S.D.A. March 1 soybean, corn and wheat stocks up from year ago 178,270 149,499 142,296 148,357 176,462 levels in the coming year, even with strong domestic and export demand for soybeans and soybean meal. Corn stocks on March 1 were estimated at 7,745 million bus, up 11% from 7,008 million bus a year earlier and the highest since 8,248 million bus in 1987, which is the highest in U.S.D.A. records going back to 1927. Corn stocks also were boosted by record high corn production last year. All wheat stocks were estimated at 1,124 million bus on March 1, up 6% from 1,057 million bus a year earlier, and the second lowest since 1,040 million bus in 2009. Lower wheat plantings this year should limit stock buildup. Stocks of durum on March 1 were estimated at 37.6 million bus, down 1% from 38.1 million bus a year earlier and the lowest since 35.8 million bus in 2012. Stocks were a record low 25.2 million bus on March 1, 2008, and a record high 162.4 million bus in 1983, in records going back to 1963. The 2014 durum crop had quality issues, which makes milling supplies even tighter. Durum plantings the past two years were reduced by wet spring weather, especially in North Dakota, but are expected to rebound in 2015, which should help rebuild durum stocks in 2015-16. FBN 146,416 T in 1,000 lbs 163,789 he U.S. Department of Agriculture in its March 31 Grain Stocks report estimated stocks of soybeans, corn and wheat on March 1 up - some sharply - from March 1, 2014. The U.S.D.A. numbers were above the average of trade expectations for corn but below the average for soybeans and wheat. Futures prices reacted last Tuesday with sharp declines in corn, with wheat following lower, but modest gains in soybeans. Wheat prices subsequently erased the losses and ended sharply higher for the week, corn prices managed only a partial recovery, closing lower for the week, and soybeans added to their gains to end the week modestly higher. March 1 soybean stocks were estimated at 1,334 million bus, up 34% from 994 million bus on March 1, 2014, and the highest since 1,374 million bus in 2012. It should be noted that last year's March 1 stocks were the lowest since 906 million bus in 2004. The increase comes off record high U.S. soybean production in 2014, which boosted stocks from two consecutive years of sub-1,000 million bus March 1 levels. Record-high March 1 stocks were 1,787 million bus in 2007. Expected record high soybean plantings in 2015 should keep stocks at higher Honey production 2008 2009 2010 2011 2012 2013 2014 Source: U.S. Department of Agriculture Ingredient Indexes Mayonnaise i Pork Sausage Commodity Trends Prospective plantings per cent change from 2014 final planted area +18% +11% +9% +8% +2% +1% -2% -3% -4% > -0.5% +1% -1% -13% Soybeans Corn All wheat Winter Durum Other spring Cotton Sorghum Oats Rice Peanuts Sugarbeets Dry beans Source: U.S. Department of Agriculture 44 FOODBUSINESS NEWS ® April 7, 2015

Table of Contents for the Digital Edition of Food Business News - April 7, 2015

Food Business News - April 7, 2015
Challenges ahead for ConAgra Foods
Shifting from weight management to wellness
Beverage Business News - Beyond milk: Dairy ingredient trends
Table of Contents
Web Contents
Editorial - India may soon rival China in growth
Health concerns, competitive headwinds slow U.S. chocolate sales growth
Innovation brewing at McCormick
Tyson Foods leveraging Hillshire innovation
Heinz, Kraft merger offers ample international opportunities
Kroger on the cutting edge
Packaged meats sales lift Smithfield earnings
Market Insight - Farmers’ planting intentions vary from expectations
Washington - Feinstein, Leahy introduce B.P.A. labeling bill
Company Profile - Panera 2.0: In pursuit of excellence
Ingredient Innovations - Anticipating egg alternative needs
Dairy solids assist with flavor development
New Food Products
Ingredient Market Trends - U.S.D.A. March 1 soybean, corn and wheat stocks up from year ago
Ingredient Markets
Highlights from Research Chefs Association’s Culinary Expo in New Orleans
Supplier Innovations and News
Classifieds
Marketplace
Ad Index
Food Business in the News

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