Milling & Baking News - February 21, 2012 - 49
Ingredient Market Trends
Weekly Spotlight
U.S.D.A. long-term forecasts for wheat supply-and-demand fail to inspire
he U.S. wheat supply-anddemand outlook for the next several years reflected a mature market lacking in growth potential seen in other crops such as corn, according to the U.S. Department of Agriculture’s Agricultural Projections to 2021 released last week. The U.S.D.A. forecast an increase in wheat plantings in 2012 to 56.5 million acres compared with 54.4 million acres in 2011 and 53.6 million acres in 2010. But planted acres were forecast to drop to 54 million acres in 2013 and to 52 million acres in 2014. Acreage was Indexes expected to remain stable at 52 million acres through 2020 and then drop to 51 Saltine Cracker Ingredients million acres in 2021. The U.S.D.A. commented, “Strong wheat prices and expected net returns boost wheat plantings for 2012. However, with relatively weak overall demand growth for wheat, producer returns initially fall and then rise less than returns for other crops in subsequent years. This leads to a decline in wheat plantings to about 51 million acres by the end of the projection period, continuing a long-term general Bagel Ingredients downward trend since the early 1980s.” U.S. wheat production was forecast at 2,120 million bus in 2012, up from 1,999 million bus in 2011 but down from 2,207 million bus in 2010. The wheat crop was forecast to be larger in 2012 than in any other year through 2021 as acreage declines and then stabilizes and yields increase annually but only along an anemic trendline that reaches 47.8 bus per acre in 2021 compared with 44.6 bus per acre forecast for 2012, an increase of 7%. Price Indicators U.S. wheat supply was forecast at 2 3 THIS LAST WEEKS WEEKS 3,058 million bus in 2012-13, up from WEEK WEEK AGO AGO 2,982 million bus in 2011-12 but down from 3,279 million bus in 2010-11. Pan-bread flour Wheat supply in 2013-14 was forecast Wheat futures, at 3,047 million bus, but supply would K.C., March hold below 3 billion bus a year for the Hard winter remainder of the projected period. premiums, Food use of wheat in 2012-13 was 12.2% protein forecast at 948 million bus. Food use was Millfeed, K.C., forecast to rise each year and reach 1,020 30-day million bus in 2021-22. The U.S.D.A said, Soybean oil “Food use of wheat is projected to show Cane sugar moderate gains, generally in line with Cocoa U.S. population increases.”
49 / July 3, 2007 Milling & Baking bakingbusiness.com / world-grain.com News
T
Feed and residual use of wheat was forecast at 200 million bus in 2012-13, up from 160 million bus in the current year. The U.S.D.A. forecasts call for feed and residual use to range between 180 million bus and 200 million bus during the entire projection period. Wheat exports were forecast at 950 million bus in 2012-13, down from 975 million bus in the current year and down from 1,289 million bus in 201011. Exports were projected to fall in
increments to aggregate 900 million bus in each of the last two years of the projection period. The U.S.D.A. said, “U.S. wheat trade faces competition from the Black Sea region, whose wheat exports rise from 26% to 29% of global trade over the next decade. European Union exports rebound from low 2011-12 levels (market share of 12%), with their market share increasing to more than 16% by 2021-22. For the same period, the U.S. market share declines from 19% to less than 16%” U.S. wheat ending stocks were forecast at 887 million bus in 2012-13, were projected to rise to 891 million bus in 201314 but then to drop to 822 million bus in 2014-15 and 760 million bus in 2015-16. Ending stocks were projected to range between 697 million and 730 million for the rest of the projection period. MBN
bakingbusiness.com / world-grain.com Milling & Baking News February 21, 2012 / 49
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Milling & Baking News - February 21, 2012
Table of Contents for the Digital Edition of Milling & Baking News - February 21, 2012
Milling&Baking News - February 21, 2012
Late News - C.P.I. for baked foods, cereals up 0.3%
Board of trustees approves major overhaul of Grain Foods Foundation
Bread Product Perspective - Millers see opportunity for baking despite alarming sales trends
Table of Contents
News/Comment
Editorial - ‘More crop per drop’ emphasizes water care
Late News - White pan bread higher, whole wheat lower
Late News - Volume down, Campbell baking earnings slip
Late News - U.S., China sign agriculture pact
Late News - Smucker earnings ease on smaller volumes
Business - Teamsters favoring strike at Hostess if benefits cut
Business - Glencore, Xstrata propose merger to form $90 billion resources company
Business - CHS completes acquisition of soy protein provider
Business - Kellogg to acquire Pringles snack business from P&G for $2.7 billion
Business - ADM to shutter North Dakota ethanol plant in April
Business - Bunge finalizes edible oils, fats purchase in India
Business - Bimbo completes $391 million debt issue
Industry Activities - Mike Huckabee to address A.B.A. PAC dinner at convention
Financial Results - Flowers profit off 10% in 2011; fourth-quarter earnings down 27%
Financial Results - Snyder’s-Lance earnings rise sharply in ‘transformational’ year
Financial Results - Quaker, Frito-Lay pace 7% rise in PepsiCo Americas Foods profits
Financial Results - With 2010 gain, Bunge earnings fall in 2011; ag results strong
Financial Results - Panera ups 2012 outlook after 2011 earnings growth
Data - 2012 wheat carryover forecast lowered 3% from January
Washington - Partnership between E.U., U.S. simplifies organic trade
Washington - Administration’s ag budget affirms plan to end direct payments
Regulatory Affairs - Water and energy costs shock
People - John Engelen to join CHS as v.p. of government affairs
People - Caravan hires Johnston as product category manager
People - Panera chief financial officer leaving to join Internet company
People - John McCormick joins Bob’s Red Mill in finance post
People - Two named to product development positions at Bay State Milling
People - Giorgio Minardi to president of Dunkin’ Brands International
Nutrition and Health - C.S.P.I. seeks tougher action on whole grains product labeling
Ingredient Market Trends
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive
Milling & Baking News - February 21, 2012 - Bread Product Perspective - Millers see opportunity for baking despite alarming sales trends
Milling & Baking News - February 21, 2012 - 2
Milling & Baking News - February 21, 2012 - 3
Milling & Baking News - February 21, 2012 - News/Comment
Milling & Baking News - February 21, 2012 - 5
Milling & Baking News - February 21, 2012 - 6
Milling & Baking News - February 21, 2012 - 7
Milling & Baking News - February 21, 2012 - 8
Milling & Baking News - February 21, 2012 - Editorial - ‘More crop per drop’ emphasizes water care
Milling & Baking News - February 21, 2012 - Late News - Smucker earnings ease on smaller volumes
Milling & Baking News - February 21, 2012 - 11
Milling & Baking News - February 21, 2012 - Business - CHS completes acquisition of soy protein provider
Milling & Baking News - February 21, 2012 - 13
Milling & Baking News - February 21, 2012 - Business - Bimbo completes $391 million debt issue
Milling & Baking News - February 21, 2012 - 15
Milling & Baking News - February 21, 2012 - Industry Activities - Mike Huckabee to address A.B.A. PAC dinner at convention
Milling & Baking News - February 21, 2012 - 17
Milling & Baking News - February 21, 2012 - Financial Results - Flowers profit off 10% in 2011; fourth-quarter earnings down 27%
Milling & Baking News - February 21, 2012 - 19
Milling & Baking News - February 21, 2012 - Financial Results - Quaker, Frito-Lay pace 7% rise in PepsiCo Americas Foods profits
Milling & Baking News - February 21, 2012 - 21
Milling & Baking News - February 21, 2012 - 22
Milling & Baking News - February 21, 2012 - Financial Results - With 2010 gain, Bunge earnings fall in 2011; ag results strong
Milling & Baking News - February 21, 2012 - Financial Results - Panera ups 2012 outlook after 2011 earnings growth
Milling & Baking News - February 21, 2012 - 25
Milling & Baking News - February 21, 2012 - Data - 2012 wheat carryover forecast lowered 3% from January
Milling & Baking News - February 21, 2012 - 27
Milling & Baking News - February 21, 2012 - 28
Milling & Baking News - February 21, 2012 - 29
Milling & Baking News - February 21, 2012 - 30
Milling & Baking News - February 21, 2012 - 31
Milling & Baking News - February 21, 2012 - 32
Milling & Baking News - February 21, 2012 - 33
Milling & Baking News - February 21, 2012 - 34
Milling & Baking News - February 21, 2012 - 35
Milling & Baking News - February 21, 2012 - 36
Milling & Baking News - February 21, 2012 - 37
Milling & Baking News - February 21, 2012 - 38
Milling & Baking News - February 21, 2012 - 39
Milling & Baking News - February 21, 2012 - Washington - Partnership between E.U., U.S. simplifies organic trade
Milling & Baking News - February 21, 2012 - 41
Milling & Baking News - February 21, 2012 - Washington - Administration’s ag budget affirms plan to end direct payments
Milling & Baking News - February 21, 2012 - 43
Milling & Baking News - February 21, 2012 - Regulatory Affairs - Water and energy costs shock
Milling & Baking News - February 21, 2012 - 45
Milling & Baking News - February 21, 2012 - People - Panera chief financial officer leaving to join Internet company
Milling & Baking News - February 21, 2012 - People - Giorgio Minardi to president of Dunkin’ Brands International
Milling & Baking News - February 21, 2012 - Nutrition and Health - C.S.P.I. seeks tougher action on whole grains product labeling
Milling & Baking News - February 21, 2012 - Ingredient Market Trends
Milling & Baking News - February 21, 2012 - Ingredient Week
Milling & Baking News - February 21, 2012 - 51
Milling & Baking News - February 21, 2012 - 52
Milling & Baking News - February 21, 2012 - 53
Milling & Baking News - February 21, 2012 - 54
Milling & Baking News - February 21, 2012 - 55
Milling & Baking News - February 21, 2012 - 56
Milling & Baking News - February 21, 2012 - Supplier Innovations
Milling & Baking News - February 21, 2012 - Classifieds
Milling & Baking News - February 21, 2012 - Marketplace Business Network
Milling & Baking News - February 21, 2012 - 60
Milling & Baking News - February 21, 2012 - Ad Index
Milling & Baking News - February 21, 2012 - Archive
Milling & Baking News - February 21, 2012 - 63
Milling & Baking News - February 21, 2012 - 64
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https://www.nxtbook.com/sosland/mbn/2017_08_29
https://www.nxtbook.com/sosland/mbn/2017_08_15
https://www.nxtbook.com/sosland/mbn/2017_08_01
https://www.nxtbook.com/sosland/mbn/2017_07_18
https://www.nxtbook.com/sosland/mbn/2017_07_04
https://www.nxtbook.com/sosland/mbn/2017_06_20
https://www.nxtbook.com/sosland/mbn/2017_06_06
https://www.nxtbook.com/sosland/mbn/2017_05_23
https://www.nxtbook.com/sosland/mbn/2017_05_09
https://www.nxtbook.com/sosland/mbn/2017_04_25
https://www.nxtbook.com/sosland/mbn/2017_04_11
https://www.nxtbook.com/sosland/mbn/2017_03_28
https://www.nxtbook.com/sosland/mbn/2017_03_14
https://www.nxtbook.com/sosland/mbn/2017_02_28
https://www.nxtbook.com/sosland/mbn/2017_02_14
https://www.nxtbook.com/sosland/mbn/2017_01_31
https://www.nxtbook.com/sosland/mbn/2017_01_17
https://www.nxtbook.com/sosland/mbn/2017_01_03
https://www.nxtbook.com/sosland/mbn/2016_12_20
https://www.nxtbook.com/sosland/mbn/2016_12_06
https://www.nxtbook.com/sosland/mbn/2016_11_22
https://www.nxtbook.com/sosland/mbn/2016_11_08
https://www.nxtbook.com/sosland/mbn/2016_10_25
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https://www.nxtbook.com/sosland/mbn/2016_08_02
https://www.nxtbook.com/sosland/mbn/2016_07_19
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https://www.nxtbook.com/sosland/mbn/2016_06_07
https://www.nxtbook.com/sosland/mbn/2016_05_24
https://www.nxtbook.com/sosland/mbn/2016_05_10
https://www.nxtbook.com/sosland/mbn/2016_04_26
https://www.nxtbook.com/sosland/mbn/2016_04_12
https://www.nxtbook.com/sosland/mbn/2016_03_29
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https://www.nxtbook.com/sosland/mbn/2016_02_02
https://www.nxtbook.com/sosland/mbn/2016_01_19
https://www.nxtbook.com/sosland/mbn/2016_01_05
https://www.nxtbook.com/sosland/mbn/2015_12_22
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https://www.nxtbook.com/sosland/mbn/2015_07_21
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https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
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https://www.nxtbook.com/sosland/mbn/2015_04_28
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https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
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https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
https://www.nxtbook.com/sosland/mbn/2014_12_09
https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
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https://www.nxtbook.com/sosland/mbn/2014_09_16
https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
https://www.nxtbook.com/sosland/mbn/2014_08_01
https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
https://www.nxtbook.com/sosland/mbn/2014_04_29
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https://www.nxtbook.com/sosland/mbn/2014_03_18
https://www.nxtbook.com/sosland/mbn/2014_03_04
https://www.nxtbook.com/sosland/mbn/2014_02_18
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https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
https://www.nxtbook.com/sosland/mbn/2013_11_12
https://www.nxtbook.com/sosland/mbn/2013_10_29
https://www.nxtbook.com/sosland/mbn/2013_10_15
https://www.nxtbook.com/sosland/mbn/2013_10_01
https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
https://www.nxtbook.com/sosland/mbn/2013_08-06
https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
https://www.nxtbook.com/sosland/mbn/2013_06_25
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https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
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https://www.nxtbook.com/sosland/mbn/2013_03_19
https://www.nxtbook.com/sosland/mbn/2013_03_05
https://www.nxtbook.com/sosland/mbn/2013_02_19
https://www.nxtbook.com/sosland/mbn/2013_02_05
https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
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https://www.nxtbook.com/sosland/mbn/2012_09_18
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https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
https://www.nxtbook.com/sosland/mbn/2012_07_10
https://www.nxtbook.com/sosland/mbn/2012_06_26
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https://www.nxtbook.com/sosland/mbn/2012_04_17
https://www.nxtbook.com/sosland/mbn/2012_04_03
https://www.nxtbook.com/sosland/mbn/2012_03_20
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https://www.nxtbook.com/sosland/mbn/2012_02_21
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https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
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https://www.nxtbook.com/sosland/mbn/2011_08_23
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https://www.nxtbook.com/sosland/mbn/2011_07_26
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https://www.nxtbook.com/sosland/mbn/2011_06_14
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https://www.nxtbook.com/sosland/mbn/2011_04_19
https://www.nxtbook.com/sosland/mbn/2011_04_05
https://www.nxtbook.com/sosland/mbn/2011_03_22
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https://www.nxtbook.com/sosland/mbn/2011_02_22
https://www.nxtbook.com/sosland/mbn/2011_02_08
https://www.nxtbook.com/sosland/mbn/2011_01_25
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https://www.nxtbook.com/sosland/mbn/2010_12_28
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https://www.nxtbook.com/sosland/mbn/2010_10_19
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https://www.nxtbook.com/sosland/mbn/2010_09_21
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https://www.nxtbook.com/sosland/mbn/2010_07_13
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https://www.nxtbook.com/sosland/mbn/2010_04_20
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https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
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https://www.nxtbook.com/sosland/mbn/2010_01_26
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https://www.nxtbook.com/sosland/mbn/2009_05_19
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https://www.nxtbook.com/sosland/mbn/2009_04_21
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https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
https://www.nxtbook.com/sosland/mbn/2009_02_10
https://www.nxtbook.com/sosland/mbn/2009_01_27
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https://www.nxtbook.com/sosland/mbn/2008_12_02
https://www.nxtbook.com/sosland/mbn/2008_11_18
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https://www.nxtbook.com/sosland/mbn/2008_10_21
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https://www.nxtbook.com/sosland/mbn/2008_09_23
https://www.nxtbook.com/sosland/mbn/2008_09_09
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https://www.nxtbook.com/sosland/mbn/2008_04_22
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https://www.nxtbook.com/sosland/mbn/2008_04_01
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https://www.nxtbook.com/sosland/mbn/2008_03_11
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https://www.nxtbook.com/sosland/mbn/2005_06_21
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https://www.nxtbook.com/sosland/mbn/2005_02_15
https://www.nxtbook.com/sosland/mbn/2005_02_08
https://www.nxtbook.com/sosland/mbn/2005_02_01
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