World Grain - September 2013 - 15

newsreview
Mennel Milling elects
Ford Mennel president
FOSTORIA,
OHIO,
U.S. — The Mennel
Milling Company announced on Aug. 28
the election of D. Ford
Mennel to the position
of president at its annual
meeting on Aug. 27.
Ford Mennel repreMennel
sents the fifth generation
of the Mennel family to lead the company.
He graduated from Mercyhurst College in
Erie, Pennsylvania, U.S., with a bachelor’s
of arts degree in hotel and restaurant management and an master’s of business administration from Averett University. He has served
as plant manager of Mennel’s flour mills in
Michigan and Virginia, as well as assistant
to the president prior to his election. Prior to
Mennel, he worked in the hotel industry.
At the same meeting, Donald L. Mennel
was elected chairman of the board. He has
served as president since 1980.

CME launches KC wheat
short-dated options
CHICAGO, ILLINOIS, U.S. — CME
Group announced on July 30 the launch of
Short-Dated New Crop Options on KC Hard
Red Winter (HRW) Wheat futures. These
products will be listed with and subject to the
rules and regulations of the KCBT.
“Since acquiring KCBT last year, we’ve
significantly developed the HRW wheat options complex through the introduction of innovative new products and the growth of standard options,” said Tim Andriesen, managing
director, Agricultural Commodities & Alternative Investments, CME Group. “These new
short-dated options will provide market participants with a cost-effective tool to manage
their price risk during targeted timeframes in
the hard red winter wheat growing season. At
the same time, average daily volume in our
standard KC HRW Wheat options has increased by 30 percent since December 2012.”
KC HRW Wheat Short-Dated New Crop Options are options on the July 2014 futures with
earlier expiring contract months being listed —
December 2013, March 2014 and May 2014.
Since their introduction, Short-Dated
New Crop Options on Corn and Soybean
futures have traded more than 975,000
contracts, and reached a peak of more than
240,000 in combined open interest ahead of
the July options expiry.

Truck Sampler

Rakoraf 2

ew !
N

LINEAR

Complete and representative
samples from drawbar
combinations, semi-trailers
and railway cars
Sampling range of up to
18.8m x 8.8m
Construction on columns
or wall bracket
Proven and patented Rakoraf
core sampling technique
Easy-to-use remote control
Fast installation
The Rakoraf 2 can be connected via
a pneumatic transport system to
a sample divider, a sample cleaner
and other laboratory equipment.

www.pfeuffer.com
Pfeuffer GmbH, Flugplatzstr. 70, DE 97318 Kitzingen
Tel. +49 93 21 93 69-0, Fax +49 93 21 93 69-50, info@pfeuffer.com
For more information, see Page 122.

Hi Roller Enclosed Belt Conveyors:
...New Standards, Innovations, and
Solutions in Material Handling
Tail Section Reloads Spills

Terminal Elevators
River Facilities
Port Operations
Ethanol Plants
Soybean Processing
Feed And Flour Mills
Industrial Applications

5100 West 12th Street
Sioux Falls, South Dakota 57107-0514 USA
Phone: (605) 332-3200
Toll Free (US and Canada): 800-328-1785
Fax: (605) 332-1107
E-Mail: sales@hiroller.com
Website: www.hiroller.com

For more information, see Page 122.

www.World-Grain.com / World Grain / September 2013

http://www.pfeuffer.com http://www.hiroller.com http://www.World-Grain.com

World Grain - September 2013

Table of Contents for the Digital Edition of World Grain - September 2013