Milling & Baking News - April 12, 2016 - (Page 1)

THE NEWS WEEKLY OF GRAIN-BASED FOODS APRIL 12, 2016 / BAKING HALL OF FAME Grain Market Roundtable 2016 Baking Hall of Fame 2016 BAKING HALL OF FAME / Milling & Baking News XApril 12, 2016 / 33 Story on Page 33 LATE NEWS B.B.U. going solar at Escondido HORSHAM, PA. - Bimbo Bakeries USA on April 7 announced a major solar energy installation at its Escondido, Calif., baking plant this summer. Featuring a combination of rooftop and ground canopy structures, the project will feature about 3,150 solar panels that will produce 1,775,000 kilowatt hours of electricity annually. The facility's 107,500-square-foot solar array will tie into a 1.075 megawatt system and provide increased operational efficiency to the Escondido plant as well as significant environmental benefits, the company said. Helping produce 30% of the plant's power, the solar panels will Continued on Page 8 Wheat futures under pressure despite lower production outlook KANSAS CITY - While wheat production in the United States and around the world was expected to fall in 2016-17, supplies were ample, record large on a global scale, which may keep wheat prices low in the coming months. In fact, barring a weather threat to the wheat crop in the United States or other major exporting countries, wheat futures may decline and retest multi-year lows set in early March or even set new lows, according to wheat market analysts interviewed by Milling & Baking News. At the same time, spring weather demands attention, and May 2016 may be one of the most volatile months for U.S. wheat markets in years, said Steve Freed, vice-president, ADM Investor Services, Chicago. Mr. Freed said when industry executives gather in Kansas City on June 5-7 to attend the annual Sosland Purchasing Seminar, "Everyone will be happy and partying because prices are so low and look to be low for another year, or they'll be drowning their sorrows because they didn't buy at the low and we're in the middle of a drought." Setting the stage for the 2016-17 crop year in the United States, the Continued on Page 24 New A.B.A. chairman upbeat about baking growth potential HORSHAM, PA. - During a challenging time for the commercial sliced bread industry, growth opportunities remain to be found through thoughtful and persistent innovation, said Fred Penny, president of Bimbo Bakeries USA, Horsham. The incoming chairman of the American Bakers Association (A.B.A.), Mr. Penny in an interview with Milling & Baking News discussed the state of the baking industry, steps B.B.U. is taking to grow its business and the A.B.A.'s vital role for the industry. Mr. Penny has spent 32 years, nearly his entire professional career, in baking, beginning with General Foods. He began in a finance role with Entenmann's. "Over my career I have worked in finance, strategy, general management and marketing," Mr. Penny said. "This gives me a wide range of experiences to draw from. Having gone through multiple acquisitions and divestitures, I've seen pretty much all of what you can see in the industry. I think it certainly helped Continued on Page 20

Table of Contents for the Digital Edition of Milling & Baking News - April 12, 2016

Milling & Baking News - April 12, 2016
Grain Market Roundtable - Wheat futures under pressure despite lower production outlook
New A.B.A. chairman upbeat about baking growth potential
Late News - B.B.U. going solar at Escondido
Table of Contents
News Comment - Major trade role in call for economic action
Editorial - Way noted to baking prosperity
Late News
Business - Marketing specialists offer look into Hostess social media efforts
ADM begins modernization and expansion at Brazilian port
H&S Bakery and US Gain opening compressed natural gas station
ADM in suit against Canadian Pacific over 2013-14 railroad service
IOI Group certification suspended by sustainability group
Relaunched Hydrox cookies stocked at Kroger supermarkets systemwide
Bimbo set to roll out Sara Lee Artesano bread nationwide
Cotton Creek Capital acquires gourmet baked foods supplier
Kellogg positioned to ‘outperform’; Credit Suisse ups profit forecast
General Mills receives funding for cereal upgrades in Buffalo
Post undertaking ‘massive relaunch’ of PowerBar brand
MaxYield Cooperative to acquire eight facilities from The Andersons
McKee Foods adds zing to Zebra snack line with three new items
People - Serhat Unsal promoted to co-c.e.o. of Dawn Foods
Colin Powell to v.p., global operations at AMF Bakery
Industry Activities - Snack manufacturers brace for Vermont G.M.O. law implementation
Multi-faceted snacking psychology seen as critical for marketers
Shifting baked foods sales provide new opportunities
Corn acreage intentions surprise traders
Baking Hall of Fame 2016
Baking Hall of Fame 2016 - Bob Albers
Baking Hall of Fame 2016 - Patrick Callaghan
Baking Hall of Fame 2016 - Joseph Baker and Jacob Perkins
Baking Hall of Fame 2016 - John Shellenberger
Research seen illuminating debate over whole and enriched grains
Bakers gather in Phoenix for 2016 A.B.A. annual meeting
Skilled labor gap in baking seen worsening in coming years
Ingredient Market Trends - Market attention riveted on winter wheat and spring planting
Ingredient Week
Supplier Innovations
Marketplace Business Network
Ad Index

Milling & Baking News - April 12, 2016