Milling & Baking News - July 4, 2017 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
JULY 4, 2017

bakingbusiness.com / foodbusinessnews.net

IFT17 Recap

Grain groups caution government
on trade talks with Canada, Mexico

Bar prototypes
showcase protein
innovation in IFT17
expo booths
Story on Page 24

LATE NEWS

U.S.D.A. estimates
wheat acreage down
WASHINGTON
-
The
U.S.
Department of Agriculture in its June
30 Acreage report estimated 2017
area planted to corn at 90,886,000
acres, down 3% from 2016. Soybean
planted area was estimated at
89,513,000 acres, up 7% from 2016.
All wheat planted area for harvest
in 2017 was estimated at 45,657,000
acres, down 9% from 2016 and the
lowest since records began in 1919.
Winter wheat planted area was
estimated at 32,839,000 acres, down
9% (including hard red winter at 23.8
million and soft red winter at 5.61
million). Durum was estimated at
1,919,000 acres, down 20%, and other
Continued on Page 8

WASHINGTON - The U.S. Trade
Representative is holding public hearings concerning the upcoming negotiations of the North American Free
Trade Agreement (NAFTA) with
Mexico and Canada.
The public hearings follow
the U.S.T.R.'s 90-day notification to Congress on May
18 regarding intent to renegotiate NAFTA as well as
the U.S.T.R.'s Federal Register notice published May 23
requesting public comment.
Since the Trump administration announced its intention to renegotiate NAFTA, grain groups such as
the U.S. Wheat Associates (U.S. Wheat),
the National Association of Wheat
Growers (NAWG), the U.S. Grains
Council (U.S.G.C.) and the National
Corn Growers Association (N.C.G.A.)
have urged the government to not harm

its trade relationships with Canada and
Mexico.
The groups testified to the U.S.T.R.
during the first day of public hearings
on June 27.
"NAFTA has been one of the
most advantageous trade
agreements for wheat farmers in U.S. history," said
Chandler Goule, chief executive officer of NAWG.
"By removing import
tariffs, NAFTA has established a crucial market for
wheat producers in Mexico."
A continued voice of support
was given to updating sanitary and phytosanitary rules within NAFTA.
"Some improvements can be made
that benefit the food and agriculture sectors in both countries," Mr. Goule said.
"For instance, a new agreement should
Continued on Page 16

New c.e.o. maps out General Mills
plans to reignite sales growth
MINNEAPOLIS - Following a year in
which neither sales nor earnings met the
company's targets, growing the cereal
business of General Mills, Inc. will be a
top priority in fiscal 2018, said Jeffrey L.
Harmening, chief executive officer.
In a June 28 conference call with investment analysts, Mr. Harmening identified keys to re-igniting sales growth in
the new fiscal year. It was his first call

as c.e.o., having succeeded Kendall J.
Powell on June 1.
Net income in the fiscal year ended
May 28 totaled $1,657.5 million, equal
to $2.82 per share on the common stock,
down 2% from $1,697.4 million, or
$2.83 per share, in fiscal 2016. Net sales
also were lower, falling nearly 6% to
$15,619.8 million from $16,563.1 million.
"Fiscal '17 was a year of significant
change for General Mills," Mr. Harmening said. "We implemented a new
global organizational structure (and)
continued our journey to become a truly
global food company. We also accelerated some important cost-savings efforts
to improve our efficiency. These efforts went according to plan, and we're
Continued on Page 18



Table of Contents for the Digital Edition of Milling & Baking News - July 4, 2017

Milling & Baking News - July 4, 2017
Grain groups caution government on trade talks with Canada, Mexico
New c.e.o. maps out General Mills plans to reignite sales growth
LATE NEWS - U.S.D.A. estimates wheat acreage down
Contents
News Comment - Heavy lift looming for flour buyers in 2017-18
Editorial - Amazon’s message for baking
Late News
Business - Bimbo Ventures will seek out, invest in entrepreneurs’ projects
Richardson expands global reach with acquisition of European Oat Millers
Corbion to expand lab capabilities through new facility in Kansas
Tim Hortons franchisees pursuing lawsuit against parent company
Snyder’s-Lance seeks broader distribution for products
Ardent Mills strengthens commitment to industry
Industry Activities - Pasta sales rise behind interest in health, sustainability issues
People - Brian Driscoll retained as president and c.e.o. of Snyder’s-Lance
Aryzta hires Keith Cooper as interim c.e.o. for Americas
John Valenti joins Agspring as v.p. of corporate asset operations
International - President of African Development Bank awarded World Food Prize
Washington - U.S. sugar users call trade deal with Mexico “fundamentally flawed”
IFT17 Recap - Bar prototypes showcase protein innovation in IFT17 expo booths
Creation of G.M.O. labeling law marching on — for now
Stratas highlighting ‘pho-free drop-in’ shortening solution
Milling Technology - Making flour with wind power
Data - C.P.I. for baked foods and cereals rebounds in May
White pan and whole wheat bread prices decline in May
Winter wheat harvest ahead at average pace; spring wheat woes worsen
Ingredient Market Trends - U.S.D.A. estimates wheat area to be smallest since 1919
Ingredient Week
Supplier Innovations
Classifieds
Marketplace Business Network
Ad Index
Archive
Milling & Baking News - July 4, 2017 - LATE NEWS - U.S.D.A. estimates wheat acreage down
Milling & Baking News - July 4, 2017 - 2
Milling & Baking News - July 4, 2017 - 3
Milling & Baking News - July 4, 2017 - News Comment - Heavy lift looming for flour buyers in 2017-18
Milling & Baking News - July 4, 2017 - 5
Milling & Baking News - July 4, 2017 - 6
Milling & Baking News - July 4, 2017 - Editorial - Amazon’s message for baking
Milling & Baking News - July 4, 2017 - Late News
Milling & Baking News - July 4, 2017 - 9
Milling & Baking News - July 4, 2017 - Corbion to expand lab capabilities through new facility in Kansas
Milling & Baking News - July 4, 2017 - Tim Hortons franchisees pursuing lawsuit against parent company
Milling & Baking News - July 4, 2017 - Snyder’s-Lance seeks broader distribution for products
Milling & Baking News - July 4, 2017 - 13
Milling & Baking News - July 4, 2017 - Ardent Mills strengthens commitment to industry
Milling & Baking News - July 4, 2017 - 15
Milling & Baking News - July 4, 2017 - Industry Activities - Pasta sales rise behind interest in health, sustainability issues
Milling & Baking News - July 4, 2017 - 17
Milling & Baking News - July 4, 2017 - 18
Milling & Baking News - July 4, 2017 - 19
Milling & Baking News - July 4, 2017 - John Valenti joins Agspring as v.p. of corporate asset operations
Milling & Baking News - July 4, 2017 - International - President of African Development Bank awarded World Food Prize
Milling & Baking News - July 4, 2017 - Washington - U.S. sugar users call trade deal with Mexico “fundamentally flawed”
Milling & Baking News - July 4, 2017 - 23
Milling & Baking News - July 4, 2017 - IFT17 Recap - Bar prototypes showcase protein innovation in IFT17 expo booths
Milling & Baking News - July 4, 2017 - Creation of G.M.O. labeling law marching on — for now
Milling & Baking News - July 4, 2017 - Stratas highlighting ‘pho-free drop-in’ shortening solution
Milling & Baking News - July 4, 2017 - 27
Milling & Baking News - July 4, 2017 - 28
Milling & Baking News - July 4, 2017 - 29
Milling & Baking News - July 4, 2017 - Milling Technology - Making flour with wind power
Milling & Baking News - July 4, 2017 - 31
Milling & Baking News - July 4, 2017 - 32
Milling & Baking News - July 4, 2017 - 33
Milling & Baking News - July 4, 2017 - 34
Milling & Baking News - July 4, 2017 - 35
Milling & Baking News - July 4, 2017 - White pan and whole wheat bread prices decline in May
Milling & Baking News - July 4, 2017 - Winter wheat harvest ahead at average pace; spring wheat woes worsen
Milling & Baking News - July 4, 2017 - 38
Milling & Baking News - July 4, 2017 - Ingredient Market Trends - U.S.D.A. estimates wheat area to be smallest since 1919
Milling & Baking News - July 4, 2017 - Ingredient Week
Milling & Baking News - July 4, 2017 - 41
Milling & Baking News - July 4, 2017 - 42
Milling & Baking News - July 4, 2017 - 43
Milling & Baking News - July 4, 2017 - 44
Milling & Baking News - July 4, 2017 - 45
Milling & Baking News - July 4, 2017 - 46
Milling & Baking News - July 4, 2017 - 47
Milling & Baking News - July 4, 2017 - 48
Milling & Baking News - July 4, 2017 - Supplier Innovations
Milling & Baking News - July 4, 2017 - Classifieds
Milling & Baking News - July 4, 2017 - Marketplace Business Network
Milling & Baking News - July 4, 2017 - 52
Milling & Baking News - July 4, 2017 - Ad Index
Milling & Baking News - July 4, 2017 - Archive
Milling & Baking News - July 4, 2017 - 55
Milling & Baking News - July 4, 2017 - 56
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