Milling & Baking News - September 27, 2016 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS SEPTEMBER 27, 2016 bakingbusiness.com / foodbusinessnews.net FOOD INGREDIENT SOLUTIONS® Pride in milling and agriculture drives new NAMA chairman Anthocyanins' colorful history features health benefits, too The antioxidant compound may be found in cherries, berries and purple corn Story on Page 35 LATE NEWS Hoffman to lead Dunkin' U.S. and Canada CANTON, MASS. - David Hoffman, a longtime executive with McDonald's Corp., has been named president of Dunkin' Donuts U.S. and Canada, effective Oct. 3. Mr. Hoffman will succeed Paul Twohig who, as previously announced, is retiring and will stay with the company through the end of the first quarter 2017 to ensure a smooth transition. In his new position, Mr. Hoffman will be responsible for Dunkin' Donuts operations and marketing in the United States and Canada, as well as global franchising and store development for both Dunkin' Donuts and Baskin-Robbins. Mr. Hoffman began Continued on Page 8 MIDDLEBURG, VA. - Even as flour milling grapples with new challenges, the industry's rich history and traditions offer a solid stepping stone for milling to prosper in an era of change, said Mark L. Kolkhorst, newly-elected chairman of the North American Millers' Association. In an interview with Milling & Baking News, Mr. Kolkhorst, who is president of ADM Milling Co., Overland Park, Kas., described the pride he takes in his farm roots and the unique qualities of milling that distinguish the industry within the broader agricultural sector. The interview was conducted Sept. 10 at the Salamander Resort and Spa in Middleburg. "I'm a farm boy from central Illinois who grew up actually growing the commodities that we mill into what becomes great tasting and nutritious food," Mr. Kolkhorst said. A graduate of Illinois State University Kolkhorst with a degree in agribusiness, Mr. Kolkhorst joined Archer Daniels Midland Co. two weeks after completing college in 1986. A grain merchandiser, he began at ADM/Growmark, a venture established a year earlier between ADM and Growmark, a regional farmer-owned cooperative based in Bloomington, Ill. His responsibilities included running Continued on Page 16 General Mills challenged by yogurt and cereal trends MINNEAPOLIS - Weak performances in its yogurt and cereal businesses hindered General Mills, Inc.'s financial performance during the first quarter of fiscal 2017. Management stood by its guidance for the full fiscal year, but categorized the overall market for food and beverages as "challenging." "Performance for our U.S. Retail businesses in the first quarter was mixed," said Kendall J. Powell, chairman and chief executive officer, during a Sept. 21 conference call with financial analysts. "We had a slower start than we planned on Yoplait, Fiber One bars and in our cereal business. And we're working to improve our performance in these categories going forward with innovation, renovation, and good messaging." For the quarter ended Aug. 28, net income fell 4% when compared with the same period of the previous year to $409 million, equal to 68c per share on the common stock. Sales for the quarter fell 7% to $3,907.9 million. "We continue to see challenging trends on our U.S. yogurt business, driven Continued on Page 12 http://www.bakingbusiness.com http://www.foodbusinessnews.net

Table of Contents for the Digital Edition of Milling & Baking News - September 27, 2016

Milling & Baking News - September 27, 2016
Pride in milling and agriculture drives new NAMA chairman
General Mills challenged by yogurt and cereal trends
Late News - Hoffman to lead Dunkin’ U.S. and Canada
Table of Contents
News Comment - Bread not alone in unit volume struggles
Editorial - Grappling with many challenges
Late News
Business - Bantam Bagels busts out nationally into Starbucks, grocery stores
Prairie Flour Mills to double milling capacity in Canada
Risk-reward proposition for Bunge stock seen as favorable
Baking company switches to allergen-sensitive manufacturing
Nutrition bar and powder provider to build new facility
Data - C.P.I. for baked foods, cereals drifts downward in August
White pan bread price lower, whole wheat higher in August
Industry Activities - Dealing with a civil war
Dye leaves millers with enduring imperatives for industry
NAMA to Virginia for 2016 annual meeting
Pathogen, allergen flour recalls center of busy year for NAMA
Mark Kolkhorst succeeds Dan Dye as NAMA chairman
Food Ingredient Solutions - Anthocyanins’ colorful history features health benefits, too
Health agencies, consumers agree on fruits and vegetables
Weather Outlook - Central U.S. Plains moisture conditions best since 2010
People - CSM Bakery promotes from within to fill president, c.e.o. post
George Weston Ltd. transitions leadership to next generation
Gerard Louis-Dreyfus, former chairman of Louis Dreyfus Co., dies at 84
International - Bayer AG to buy Monsanto in $66 billion transaction
Merchandising - ACE Bakery unveils first media campaign
Ingredient Market Trends - Market considers how much winter wheat will be planted
Ingredient Week
Supplier Innovations
Milling & Baking News - September 27, 2016 - Late News - Hoffman to lead Dunkin’ U.S. and Canada
Milling & Baking News - September 27, 2016 - 2
Milling & Baking News - September 27, 2016 - 3
Milling & Baking News - September 27, 2016 - News Comment - Bread not alone in unit volume struggles
Milling & Baking News - September 27, 2016 - 5
Milling & Baking News - September 27, 2016 - 6
Milling & Baking News - September 27, 2016 - Editorial - Grappling with many challenges
Milling & Baking News - September 27, 2016 - Late News
Milling & Baking News - September 27, 2016 - 9
Milling & Baking News - September 27, 2016 - Prairie Flour Mills to double milling capacity in Canada
Milling & Baking News - September 27, 2016 - Nutrition bar and powder provider to build new facility
Milling & Baking News - September 27, 2016 - 12
Milling & Baking News - September 27, 2016 - 13
Milling & Baking News - September 27, 2016 - White pan bread price lower, whole wheat higher in August
Milling & Baking News - September 27, 2016 - 15
Milling & Baking News - September 27, 2016 - 16
Milling & Baking News - September 27, 2016 - 17
Milling & Baking News - September 27, 2016 - 18
Milling & Baking News - September 27, 2016 - Industry Activities - Dealing with a civil war
Milling & Baking News - September 27, 2016 - 20
Milling & Baking News - September 27, 2016 - Dye leaves millers with enduring imperatives for industry
Milling & Baking News - September 27, 2016 - 22
Milling & Baking News - September 27, 2016 - 23
Milling & Baking News - September 27, 2016 - NAMA to Virginia for 2016 annual meeting
Milling & Baking News - September 27, 2016 - 25
Milling & Baking News - September 27, 2016 - Pathogen, allergen flour recalls center of busy year for NAMA
Milling & Baking News - September 27, 2016 - 27
Milling & Baking News - September 27, 2016 - 28
Milling & Baking News - September 27, 2016 - 29
Milling & Baking News - September 27, 2016 - 30
Milling & Baking News - September 27, 2016 - 31
Milling & Baking News - September 27, 2016 - Mark Kolkhorst succeeds Dan Dye as NAMA chairman
Milling & Baking News - September 27, 2016 - 33
Milling & Baking News - September 27, 2016 - 34
Milling & Baking News - September 27, 2016 - Food Ingredient Solutions - Anthocyanins’ colorful history features health benefits, too
Milling & Baking News - September 27, 2016 - Health agencies, consumers agree on fruits and vegetables
Milling & Baking News - September 27, 2016 - 37
Milling & Baking News - September 27, 2016 - 38
Milling & Baking News - September 27, 2016 - 39
Milling & Baking News - September 27, 2016 - 40
Milling & Baking News - September 27, 2016 - 41
Milling & Baking News - September 27, 2016 - Weather Outlook - Central U.S. Plains moisture conditions best since 2010
Milling & Baking News - September 27, 2016 - 43
Milling & Baking News - September 27, 2016 - Gerard Louis-Dreyfus, former chairman of Louis Dreyfus Co., dies at 84
Milling & Baking News - September 27, 2016 - International - Bayer AG to buy Monsanto in $66 billion transaction
Milling & Baking News - September 27, 2016 - Merchandising - ACE Bakery unveils first media campaign
Milling & Baking News - September 27, 2016 - Ingredient Market Trends - Market considers how much winter wheat will be planted
Milling & Baking News - September 27, 2016 - Ingredient Week
Milling & Baking News - September 27, 2016 - 49
Milling & Baking News - September 27, 2016 - 50
Milling & Baking News - September 27, 2016 - 51
Milling & Baking News - September 27, 2016 - 52
Milling & Baking News - September 27, 2016 - 53
Milling & Baking News - September 27, 2016 - 54
Milling & Baking News - September 27, 2016 - 55
Milling & Baking News - September 27, 2016 - 56
Milling & Baking News - September 27, 2016 - Supplier Innovations
Milling & Baking News - September 27, 2016 - 58
Milling & Baking News - September 27, 2016 - 59
Milling & Baking News - September 27, 2016 - 60
Milling & Baking News - September 27, 2016 - 61
Milling & Baking News - September 27, 2016 - 62
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Milling & Baking News - September 27, 2016 - 64
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