Milling & Baking News - May 23, 2006 - (Page 1)

Theinewsweeklyiofigrain-basedifoods MAY 23, 2006 / Winter wheat production drop of 12% projected from 2005 WASHINGTON - The National Agricultural Statistics Service of the U.S. Department of Agriculture on May 12 projected winter wheat production in the U.S. in 2006 at 1,322,831,000 bus, down 176,298,000 bus, or 12%, from 1,499,129,000 bus in 2005. The forecast, which was based on May 1 conditions, was toward the low end of pre-report trade projections and compared with the average trade estimate of about 1.37 billion bus. The recent high winter wheat outturn was 1,880,733,000 bus in 1998. The recent low was 1,137,001,000 bus in 2002. In the past 10 years, winter wheat production averaged 1,566 million bus. In the aftermath of the forecast for the new crop, the wheat futures rally continued, with prices rising above $5 per bu in Kansas City for the first time in nine years. The Economic Research Service in its Wheat Outlook issued May 16 observed that while winter wheat production was projected to drop 12% from 2005, area planted for harvest this year was down just 2% from seeded area for 2005. "Production is down because poor weather conditions are expected to increase abandonment (29% projected for this year Continued on Page 15 Select soy and save First-quarter flour production increases 0.4% to 96 million cwts WASHINGTON - Flour production by U.S. mills in the first quarter of 2006 increased 0.4% from the same 2005 quarter, according to the Bureau of the Census of the U.S. Department of Commerce. Output in January-March totaled 96,145,000 cwts, a gain of 367,000 from 95,778,000 produced in the first three months of 2005. Daily flour milling capacity, according to the Census data, dropped at the start of LATE 2006 to the smallest total in almost eight years, resulting in a nearly two-point increase in the rate of grind compared with a year ago. The North American Millers' Association provides funding to the Census Bureau in support of the compilation of these quarterly milling statistics. The increase in January-March 2006 Continued on Page 17 NEWS DENVER - General Mills, Inc. has been named a Summit Award Recipient of the United Way of America Spirit of America program. The company was recognized for its corporate community investment and employee community engagement. The Spirit of America Awards program is the highest tribute United Way presents to recognize corporate involvement. The presentation was made at the United Way Community Leaders Conference in Denver. The fundraising agency noted Continued on Page 8 United Way honors General Mills inside Story on Page 21 Grain Foods Foundation enthused about March of Dimes partnership RIDGWAY, COLO. - Extraordinary publicity and an excellent opportunity to interact with the public about grain-based foods were outcomes of the Grain Foods Foundation participation in March of Dimes WalkAmerica events around the nation in recent weeks. That was the assessment of Judi Adams, president of the foundation. "Our members were surveyed after the events, and there was agreement that our sponsorship was worthwhile," Ms. Adams said. A national sponsor of WalkAmerica, the Continued on Page 10 THIS WEEK Ingredient N.G.F.A. urges action on rail surcharges Dawn expands presence in cookies Melchiorre leaving Tasty Baking 9 10 37 Week sponsored by 38

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Milling & Baking News - May 23, 2006