Milling & Baking News - November 13, 2012 - (Page 8)

Late News  WEEK OF NOVEMBER 13 Continued from Page 1 The U.S.D.A. on Nov. 9 raised its forecast for the 2013 soft red winter wheat carryover by 16 million bus, to 205 million bus. The increase was tied to a 25-millionbu decrease in the outlook for soft red winter wheat exports in 2012-13 to 145 million bus. The 2011-12 outgo was 165 million bus. its full-year guidance for 2012 to an increase of 3.5% to 5% for earnings per share versus 2011, excluding one-time costs. The guidance was unchanged on the low side but down from an 8% increase on the high side. No change was made in the sales guidance, still up 7% to 9% from 2011. were above trade expectations for both corn and soybean production. Viterra, Glencore push back deal deadline CALGARY, ALTA. — Viterra Inc. on Nov. 9 said its proposed acquisition by Glencore International P.L.C. only remains subject to the regulatory approval of the Ministry of Commerce of the People’s Republic of China (MOFCOM) under the Chinese Anti-Monopoly Law. Although the review process continues to advance, Viterra said MOFCOM’s approval “is no longer expected to be obtained in time to facilitate a closing of the acquisition by Nov. 15, 2012.” In order to accommodate MOFCOM’s ongoing review of Glencore’s application and to allow sufficient time to facilitate closing, Viterra and Glencore have extended the expected date of completion to Dec. 10, 2012. Wheat, corn, soybean carryover rises KANSAS CITY — U.S. carryover of wheat on June 1, 2013, was projected at 704 million bus, up 50 million bus, or 8%, from the October projection (due to a like reduction in forecast 2012-13 wheat exports) but down 39 million bus, or 5%, from 743 million bus in 2012, the U.S. Department of Agriculture said in its Nov. 9 World Agricultural Supply and Demand Estimates. Corn carryover on Sept. 1, 2013, was projected at 647 million bus, up 28 million bus, or 5%, from October but down 341 million bus, or 35%, from 988 million bus in 2012. Carryover of soybeans in the United States on Sept. 1, 2013, was projected at 140 million bus, up 10 million bus, or 8%, from October but down 29 million bus, or 17%, from 169 million bus this year. Foundation celebrates National Bread Month WASHINGTON — A recent survey commissioned by the Grain Foods Foundation and conducted on-line by Harris Interactive indicates that more than a third (41%) of American adults eat sandwiches up to six times a week, and more than 60% of American adults eat a sandwich at least once per week. To celebrate the 250th anniversary of the sandwich during National Bread Month, the G.F.F. has enlisted celebrity chef and sandwich aficionado Bryan Voltaggio to create four exclusive sandwich recipes. To view Chef Voltaggio’s sandwich recipes, and for expert nutrition advice as well as video tips for including more wholesome bread and grains in your diet, please visit MBN / Corn, soybean crops up from October KANSAS CITY — U.S. 2012 corn production was forecast at 10,725 million bus, up 19 million bus from the October forecast, down 1,633 million bus, or 13%, from 12,358 million bus in 2011 and the lowest since 10,531 million bus in 2006, the U.S. Department of Agriculture said in its Nov. 9 Crop Production report. Soybean production was forecast at 2,971 million bus, up 111 million bus, or 4%, from October, down 122.5 million bus, or 4%, from 3,094 million bus last year and the lowest since 2,967 million bus in 2008. The U.S.D.A. estimates 8 / November 13, 2012 Milling & Baking News

Table of Contents for the Digital Edition of Milling & Baking News - November 13, 2012

Milling & Baking News - November 13, 2012
Change agent at General Mills, NAMA chairman celebrates ‘noble’ industry
Countering higher input costs, B.B.U. to raise prices in November
Late News - Flat Flowers earnings after one-time charge
Table of Contents
News/Comment - Lack of focus on farm issues likely to change
Editorial - Many milling positives in tough environment
Late News
Data - January-September flour output reaches new record high
Financial Results - Mondelez earnings down 29% in third quarter, sales fall 2%
Oreo, belVita buoy biscuit business at Mondelez
CSM B.S.N.A. unit performs well in tough market
Morning foods wake up at Kellogg
Industry Activities - Millers in ‘deep dive’ exploring possible vitamin D fortification
Meyer elected vice-chair of NAMA; two honorary memberships named
Merchandising - Winners in America’s Best Raisin Bread Contest crowned
Business - Bakers look to resume operations in wake of Hurricane Sandy
Flowers acquiring Bimbo assets in California, Oklahoma
With Wisconsin project, Horizon doubling whole wheat capacity
Baker’s Pride opens new donut plant
Wind farm built to supply power to Bimbo in Mexico begins operating
Strikes may be looming at Hostess Brands baking plants
Mondelez to close Mr. Christie cookie plant in Toronto
Red Star, Lesaffre to raise yeast prices
ADM opens sweetener transfer terminal in Chattanooga
Nutrition and Health - Whole Grain Stamp success spans participating companies of all sizes
Food Ingredient Solutions - Indulge in extras
Milling Technology - ADM Milling expanding Beech Grove flour mill
The Andersons agrees to major grain facility acquisition
Gavilon opens grain facility in South Dakota
POET-DSM buys equipment for cellulose production
Washington - Breaking Washington gridlock
Weather Outlook - In marked change, world weather pattern transitioning to ‘normal
Washington - Elections may bring little change to Senate ag committee
Farm bill fate uncertain in lame duck session of Congress
U.S.D.A. offers assistance to hurricane victims
People - With Cargill c.f.o. resignation, David MacLennan to fill in
Brad Pederson named supply chain manager at Caravan Ingredients
ADM taps two for management positions
Transportation and Distribution - N.G.F.A. seeks easier path to contest ‘unreasonable’ rail rates
Nutrition and Health - Initiative shows gains in nutrition content in children’s cereal
Ingredient Market Trends - U.S.D.A. raises forecasts for U.S. and world 2012-13 wheat ending stocks
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - November 13, 2012