Milling & Baking News - November 18, 2003 - 1

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bakingbusiness.com / world-grain.com

NOVEMBER 18, 2003

Weston Foods in bakery marketing
agreement with Atkins group
TORONTO - The Weston Foods business
of George Weston Ltd. has joined Atkins Nutritionals, Inc. in an exclusive agreement to
market low-carbohydrate bakery products.
In a quarterly conference call Nov. 12,
Gary J. Prince, president of Weston Foods
U.S., said Weston had launched an Atkinsendorsed bread line under the Arnold and
Brownberry brands.

"In addition to this, we have just
launched a product strategy under the
Atkins Bakery brand and to date there are
three breads and three bagels in that lineup," Mr. Prince said. "We have an aggressive product pipeline that will roll out over
the coming months."
The Atkins Bakery brand, Mr. Prince
Continued on Page 13

Extraordinary market conditions
greet Purchasing Seminar Update
CHICAGO - With the rapid approach of
the inaugural Milling & Baking News Purchasing Seminar Update, uncertainty surrounding ingredient markets has reached
a heightened pitch, according to Steven A.
Freed, director of research, ADM Investor
Services, Inc., Chicago.
A presentation by Mr. Freed will kick
off the seminar update, which will be con-

LATE

ducted Dec. 8 from 1 p.m. until 3:30 p.m.,
Central Standard Time. The on-line event
is the ﬁrst ever mid-year update for the 25year-old Purchasing Seminar.
According to Mr. Freed, markets have
been extremely dynamic in recent weeks
with volatility unusual for this time of the
year. By his ranking, soybeans and soybean oil pose the most perilous challenges
Continued on Page 9

Story on Page 19

U.S.D.A. lowers wheat carryover
by 25 million bus, to 608 million

NEWS
CRANBURY, N.J. - Six companies have
joined in committing $10.2 million in new
equity ﬁnancing for Linguagen Corp., a developer of bioengineered ingredients used
to improve the taste of food, beverages and
pharmaceutical products. Participating in
the ﬁrst-round ﬁnancing were NJTC Venture Fund SBIC, L.P.; Cargill Ventures, Danisco Venture
A/S, DuPont Ventures, Aperture Venture Partners L.L.C.,
and RK Ventures Group, L.L.C. According to Linguagen,
the privately held company has developed technology
"to identify compounds that selectively eliminate the
perception of bitterness so that products would require
less sugar, salt or ﬂavorings." Three executives of the inContinued on Page 8

WASHINGTON - The Economic Research Service of the U.S.
Department of Agriculture on Nov. 12 reduced its projection of the
U.S. carryover of wheat on June 1, 2004, to 608 million bus. The
new projection was down 25 million bus from the Department's
October forecast but up 117 million bus, or 24%, from the 2003 carryover of 491 million bus. It would compare with 777 million bus
as the June 1, 2002, wheat inventory.
The reduced carryover forecast was the result of a 25-million-bu
increase in projected 2003-04 U.S. wheat exports, to 1,075 million bus.
That was the only change in the all-wheat 2003-04 supply/demand
estimates from the month before. The Department indicated it had
made the upward revision in its export projection because of "stronger-than-expected shipments to date." In 2002-03, U.S. wheat exports
had been an anemic 854 million bus, the smallest since 1971-72.
The last time U.S. wheat exports were as high as what was forecast
Continued on Page 15

Investors
support
Linguagen

inside

THIS WEEK

Ralcorp
to acquire
Bakery
Chef

Ingredient

Kellogg
sets plan
to boost
Keebler

Bakery
trade
deﬁcit
grows

Week
30

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Milling & Baking News - November 18, 2003

Table of Contents for the Digital Edition of Milling & Baking News - November 18, 2003