World Grain - October 2014 - 68

FEATURE

Grain Market
Roundtable

W

heat futures prices held near contract lows, in instances, near multiyear lows, in the wake of predominantly bearish U.S. Department of Agriculture
August production and supply-and-demand forecasts issued
on Aug. 12. Market analysts interviewed by Milling & Baking
News, sister publication of World Grain, could find few features capable of rallying wheat prices in the near term as the
USDA raised its forecasts for both U.S. and world wheat production, and hiked its projections for U.S. and world 2014-15
wheat ending stocks.
The widest adjustment from the USDA's July wheat outlook
was the large increase expected in world wheat production.
The department forecast world wheat production in 2014-15 at
a record 716.09 million tonnes, up a whopping 10.92 million
tonnes from the July projection and up 2.02 million tonnes from
714.07 million tonnes in 2013-14, the previous record.
The USDA raised its production forecasts for Russia by 6
million tonnes and for Ukraine by 1 million tonnes. Because
of the larger supply, Russian 2014-15 wheat exports were
forecast at 22.5 million tonnes, up 3 million tonnes from the
July projection.
68

by Jay Sjerven

Wheat prices pressured by bearish U.S.
and world supply-demand outlooks
Significantly, the USDA also raised its estimate for China's
crop by 2 million tonnes, to a record 126 million tonnes.
Because of the larger China crop, the department lowered its
forecast for that nation's wheat imports in the current year to
2 million tonnes compared with the July outlook at 3 million
tonnes and 2013-14 wheat imports at 6.77 million tonnes.
World wheat consumption was forecast at a record 706.79
million, up 740,000 tonnes from 2013-14. World wheat ending stocks in 2014-15 were forecast at 192.96 million tonnes,
up 3.42 million tonnes from the July outlook and up 9.3 million tonnes, or 5%, from 183.66 million tonnes in 2013-14.
The USDA also raised its forecast for U.S. wheat production. The 2014 U.S. wheat outturn was forecast at 2.030 bilOctober 2014 / World Grain / www.World-Grain.com


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World Grain - October 2014

Table of Contents for the Digital Edition of World Grain - October 2014

World Grain - October 2014
Table of Contents
From the Editor-in-chief - Path to improving flour output data
Calendar of Events
IAOM MEA District Conference & Expo
News Review - ACCC will not oppose acquisition of Goodman Fielder
FEFAC partners with feed groups in Romania, Bulgaria
Nigeria approves construction of rice, cassava mills
CHS acquires 50% share in Australia’s Broadbent Grain
Ingredion to spend $100 million on capital investments
Cargill to close corn milling facility
Viterra plans grain elevator in Manitoba
Scoular purchases Winona Feed & Grain
Port of Vancouver to provide dedicated rail service
Emerald Grain acquires Ardlink storage
North Dakota Mill to expand
Star of the West building soft wheat mill in Ohio
Indofood expects modest growth for flour unit
Saudi Arabia helps FAO with food security in Iraq
Arlon Group forms Latin America Advisory Board
Gavilon acquires Kansas grain elevator
CWB completes purchase of Sandhills Terminal
Grain Market Review - Rice
Country Focus - Vietnam
Feature - Canadian Growers Blindsided
Feature - Brazil's Logistical Challenges
Feature - Ship Loading/Unloading Projects Flourish
Port News Roundup - Bunge plans grain export terminal in Australia
Port of Paranaguá leads Brazilian grain exports
CBH withdraws long-term port agreement proposal
Russian port group handles 80 million tonnes
CHS to sell part of Argentine port to Noble
Feature - The New Look
The right combination
Ultrasound...for dough?
Optimized gluten method
Feature - GMO Debate Grows as Crop Area Rises
Feature - Grain Market Roundtable
Analysts expect record corn crop to get bigger
Feature - Rebooting the Green Revolution
Advocate of GM food sources urges public to reject ‘junk science'
Feature - CBH CEO Makes History
Andrew Crane Bio
What is the G20?
Feature - Risky Business
‘Risky Business’ conclusions
Feature - Upward Pace Maintained in Global Flour Exports
Feature - Blueprint for Dynamic Pest Management
Feature - Neuero Turns 100
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program
World Grain - October 2014 - World Grain - October 2014
World Grain - October 2014 - 2
World Grain - October 2014 - 3
World Grain - October 2014 - 4
World Grain - October 2014 - Table of Contents
World Grain - October 2014 - From the Editor-in-chief - Path to improving flour output data
World Grain - October 2014 - 7
World Grain - October 2014 - IAOM MEA District Conference & Expo
World Grain - October 2014 - 9
World Grain - October 2014 - News Review - ACCC will not oppose acquisition of Goodman Fielder
World Grain - October 2014 - 11
World Grain - October 2014 - Nigeria approves construction of rice, cassava mills
World Grain - October 2014 - Ingredion to spend $100 million on capital investments
World Grain - October 2014 - Viterra plans grain elevator in Manitoba
World Grain - October 2014 - Port of Vancouver to provide dedicated rail service
World Grain - October 2014 - North Dakota Mill to expand
World Grain - October 2014 - Indofood expects modest growth for flour unit
World Grain - October 2014 - CWB completes purchase of Sandhills Terminal
World Grain - October 2014 - 19
World Grain - October 2014 - Grain Market Review - Rice
World Grain - October 2014 - 21
World Grain - October 2014 - Country Focus - Vietnam
World Grain - October 2014 - 23
World Grain - October 2014 - 24
World Grain - October 2014 - 25
World Grain - October 2014 - Feature - Canadian Growers Blindsided
World Grain - October 2014 - 27
World Grain - October 2014 - 28
World Grain - October 2014 - 29
World Grain - October 2014 - 30
World Grain - October 2014 - 31
World Grain - October 2014 - Feature - Brazil's Logistical Challenges
World Grain - October 2014 - 33
World Grain - October 2014 - 34
World Grain - October 2014 - 35
World Grain - October 2014 - 36
World Grain - October 2014 - 37
World Grain - October 2014 - Feature - Ship Loading/Unloading Projects Flourish
World Grain - October 2014 - 39
World Grain - October 2014 - 40
World Grain - October 2014 - 41
World Grain - October 2014 - 42
World Grain - October 2014 - 43
World Grain - October 2014 - 44
World Grain - October 2014 - 45
World Grain - October 2014 - Port of Paranaguá leads Brazilian grain exports
World Grain - October 2014 - 47
World Grain - October 2014 - CHS to sell part of Argentine port to Noble
World Grain - October 2014 - 49
World Grain - October 2014 - Feature - The New Look
World Grain - October 2014 - 51
World Grain - October 2014 - The right combination
World Grain - October 2014 - 53
World Grain - October 2014 - Ultrasound...for dough?
World Grain - October 2014 - 55
World Grain - October 2014 - Optimized gluten method
World Grain - October 2014 - 57
World Grain - October 2014 - 58
World Grain - October 2014 - 59
World Grain - October 2014 - Feature - GMO Debate Grows as Crop Area Rises
World Grain - October 2014 - 61
World Grain - October 2014 - 62
World Grain - October 2014 - 63
World Grain - October 2014 - 64
World Grain - October 2014 - 65
World Grain - October 2014 - 66
World Grain - October 2014 - 67
World Grain - October 2014 - Feature - Grain Market Roundtable
World Grain - October 2014 - 69
World Grain - October 2014 - Analysts expect record corn crop to get bigger
World Grain - October 2014 - 71
World Grain - October 2014 - 72
World Grain - October 2014 - 73
World Grain - October 2014 - 74
World Grain - October 2014 - 75
World Grain - October 2014 - Feature - Rebooting the Green Revolution
World Grain - October 2014 - 77
World Grain - October 2014 - Advocate of GM food sources urges public to reject ‘junk science'
World Grain - October 2014 - 79
World Grain - October 2014 - 80
World Grain - October 2014 - 81
World Grain - October 2014 - 82
World Grain - October 2014 - 83
World Grain - October 2014 - Feature - CBH CEO Makes History
World Grain - October 2014 - 85
World Grain - October 2014 - Andrew Crane Bio
World Grain - October 2014 - 87
World Grain - October 2014 - What is the G20?
World Grain - October 2014 - 89
World Grain - October 2014 - Feature - Risky Business
World Grain - October 2014 - 91
World Grain - October 2014 - 92
World Grain - October 2014 - 93
World Grain - October 2014 - ‘Risky Business’ conclusions
World Grain - October 2014 - 95
World Grain - October 2014 - Feature - Upward Pace Maintained in Global Flour Exports
World Grain - October 2014 - 97
World Grain - October 2014 - Feature - Blueprint for Dynamic Pest Management
World Grain - October 2014 - 99
World Grain - October 2014 - 100
World Grain - October 2014 - 101
World Grain - October 2014 - 102
World Grain - October 2014 - 103
World Grain - October 2014 - Feature - Neuero Turns 100
World Grain - October 2014 - 105
World Grain - October 2014 - Supplier News
World Grain - October 2014 - 107
World Grain - October 2014 - 108
World Grain - October 2014 - 109
World Grain - October 2014 - 110
World Grain - October 2014 - 111
World Grain - October 2014 - Product Showcase
World Grain - October 2014 - World Grain Archive
World Grain - October 2014 - Ad Index/Reader Information Form International Faxback Program
World Grain - October 2014 - 115
World Grain - October 2014 - 116
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http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com