Milling & Baking News - November 29, 2011 - 8

Late News 

WEEK OF NOVEMBER 29

Continued from Page 1

Ohio wheat growers ﬁnally were nearly completed with their winter wheat seeding. Excessively wet conditions were responsible for the delays, and several thousands of acres intended for wheat may not have been seeded and may be planted to corn or soybeans in the spring.

convinced that under the leadership of CHS, Solbar will continue to grow and realize its great potential. CHS is a company that believes in agricultural processing and the potential of soybeans and soybased products, but mostly they believe in the importance of developing human resources.” Closing is expected during the first quarter of calendar 2012. Shareholder and antitrust approvals must first be met.

chief executive officer, said firstquarter results were “broadly a continuation of Q4 trends.”

World wheat carryover forecast trimmed
LONDON — Edging downward from the October forecast, the world wheat carryover for 2012 was projected by the International Grains Council at 200 million tonnes, down 2 million from the month before and a modest 2% larger than the 196 million tonnes estimated for 2011. If realized, the world wheat carryover would extend a period of uncharacteristic stability, with 200 million tonnes in 2012 and 196 million in 2011 coming on the heels of 199 million in 2010. By contrast, the carryover was 172 million tonnes in 2009 and 132 million in 2008. Despite the tightening from a month earlier, U.S. wheat prices tumbled during the month, pressured by slumping U.S. corn prices, the council said. “Heavy supplies of wheat amid strong export competition, including from new crop grain out of Argentina and Australia, mostly reduced f.o.b. values by between $20 and $30 over the past month, narrowing the gap with Black Sea quotations,” the I.G.C. said.

Ken May named president of Krispy Kreme
WINSTON-SALEM, N.C. — Kenneth A. May has joined Krispy Kreme Doughnuts, Inc. as president and chief operating officer. Mr. May has more than 25 years of operational, retail, supply chain and brand experience, and most recently was president of ES3, L.L.C., a logistics company. Earlier, he spent many years at FedEx, including as senior vicepresident of U.S. operations for FedEx Express, and president and c.e.o. of FedEx Kinko’s Office and Print Centers.

Aryzta North American sales climb 9%
ZURICH, SWITZERLAND — Revenue within the Food North America division at Aryzta A.G. rose 9% to €327.1 million ($437.2 million) in the first quarter ended Oct. 31. Aryzta said acquisitions contributed 8.1 percentage points of the growth. “The North American performance reflects the resilience of the L.S.R. (limited-serve restaurant) and large retail channels, which dominate Aryzta’s North American business,” the company said. Total Food Group sales rose 10% during the quarter to €692.6 million ($925.6 million), while Total Group sales climbed nearly 4% to €1,008.4 million ($1,374.7 million). Owen Killian,

U.S. Grains adds biotech manager position
WASHINGTON — Andrew S. Conner has been named to the newly created position of manager of biotechnology at the U.S. Grains Council. Mr. Conner will report to Rebecca Bratter, vice-president of international operations at the U.S.G.C. “Our members are keenly aware of both the complexity and critical importance of the work we are doing in this area,” Ms. Bratter said. “Our successes to date have kept markets open for U.S. grains and grain products, but our job is far from done.” Mr. Conner has experience researching legislative and regulatory issues. MBN
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8 / November 29, 2011 Milling & Baking News

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Milling & Baking News - November 29, 2011

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