IBIE, special edition & show preview -- 2013 - (Page 81)

CRITICAL ISSUE: COMMODITY PRICES ed due to smaller hard red winter, hard red spring and durum crops. The biggest turnaround was expected to be in US corn production, projected at a record 14,140 million bu in 2013, up 31% from a drought-reduced 10,780 million bu in 2012. While planted area was expected to increase only slightly in 2013, harvested area was projected to increase more than 2 million acres from 2012 as fewer acres were expected to be abandoned under more favorable weather conditions. Average yields are rebounding from a 17-year low (113.5 bu an acre in 1995) of 123.4 bu an acre in 2012, although 2013 yields were expected to remain below long-term trend yields due to weather-delayed planting across most of the Corn Belt. Should the record large 2013 corn production be realized, USDA foresees stocks growing and prices tumbling. In its May 10 World Agricultural Supply and Demand Estimates, USDA projected the carryover of old-crop (2013) corn into the new marketing year on Sept. 1, 2014, at 2,004 million bu, up 164% from 759 million bu forecast for Sept. 1, 2013. The 2014 carryover would be the largest since 2,114 million bu in 2004, while the 2013 carryover would be the smallest since 426 million bu in 1995. USDA projected the price of corn paid to farmers in 2013-14 to average between $4.30 and $5.10 per bu, down from $6.70 to $7.10 per bu expected in 2012-13 and $6.22 in 2011-12. New-crop corn futures were trading around $5.50 per bu in mid-May, about $1 a bu below old- crop contracts. Record large corn supplies and lower prices were expected to boost corn used for feed significantly, with increases also forecast for ethanol and food use in 2013-14. But the US wasn’t alone in boosting 2013-14 corn production, with record global coarse grain production, mostly corn, also projected to be higher. A record large corn crop was expected in China, with strong production also forecast in South America, the EU-27 and the former Soviet Union (FSU-12). Soybeans surge USDA in May also projected a record large US soybean crop of 3,390 million bu in 2013, although the contrast was less dramatic than that of corn, up 12% from 3,015 Searching IBIE for a single machine that can easily produce your entire range of gourmet bakery products? Reiser has your solution. SEE A LIVE DEMONSTRATION OF OUR HIGHLY VERSATILE VEMAG AT IBIE, BOOTHS 6930 & 7230. Reiser • 725 Dedham Street, Canton, MA 02021 • (781) 821-1290 | Reiser Canada • 1549 Yorkton Court #4, Burlington, ON L7P 5B7 • (905) 631-6611 | www.reiser.com For more information, see Page 146 http://www.reiser.com

Table of Contents for the Digital Edition of IBIE, special edition & show preview -- 2013

IBIE, special edition & show preview -- 2013
Table of Contents
IBIE Perspective - Amid challenges, opportunities persist
State of the Industry - Dizzying changes among baking’s leaders
A changing of the guard
Making Baking History - Progress on Parade
Capital Spending Survey - Making the safe bet
Survey reaches wide sample
IBIE Tech - Going Mobile
ABA Perspectives - Big changes since IBIE 2010
ABA: On the Front Lines
Keep on track with FTRAC
Let's Keep on Truckin'
An Ounce of Prevention
BEMA Initiatives - Collaborative Solutions
Critical Issue: FSMA - Predict & Prevent
Court orders FDA to step up its efforts
Food Safety: ANSI/ASB/Z50.2
Equipment Advances - Clean and Simple
Formulating R&D - Brave New World
Intel about ingredient trends
Critical Issue: Commodity Prices - Long and Winding Road
Ingredients: Creating Simple Labels - Simple Options
Critical Issue: Sodium Reduction - How Low Can You Go?
Ingredients: Ancient Grains - What's Old is New Again
New Product Trends: Baked Foods - Change Afoot
New Product Trends: Snacks - Reinventing Snack Time
Special Section: Bake
The Next Cupcake?
Ingredient Transparency
Food trucks on the move
New Tech Tools
IBIE 2013: A World of Possibilities
Ready to Launch
Pizza Popularity
Revel in Vegas
2013 Exhibitor List
Ad Index

IBIE, special edition & show preview -- 2013