Milling & Baking News - June 17, 2008 - 19

Data

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U.S.D.A. raises 2009 wheat carryover
forecast to 487 million bus
but down 64 million bus from 2,363
million bus in 2007-08. Food use of
wheat in 2008-09 was projected at a
record 960 million bus, unchanged
from May and up 10 million bus
from 2007-08. Feed and residual use
of wheat in the current year was projected at 255 million bus, up 25 million bus from the May forecast and
more than four times the 60 million
bus in 2007-08. The increase from
the May forecast was attributed to
increased supplies, especially of
soft red winter wheat, and expected
higher corn prices. Projected seed
use of wheat was unchanged from
May at 84 million
bus. Seed use of
Wheat supply, disappearance
wheat in 2007-08
was 88 million
2008-09
2007-08
2006-07 2005-06
bus.
- (million bus) -
Exports of U.S.
Supply
wheat in 2008-09
Carryover
254
456
571
540
were
projected
Crop
2,432
2,067
1,812
2,105
at 1,000 million
Imports
100
95
122
81
bus, up 25 million
Total
2,786
2,618
2,505
2,726
bus from the May
Domestic use
number but down
Food
960
950
938
915
265 million bus
Seed
84
88
81
78
from 2007-08.
Feed
255
60
121
160
Initial supply
Total
1,299
1,098
1,140
1,152
and
demand proExports
1,000
1,265
909
1,003
jections by class
Total use
2,299
2,363
2,049
2,155
for 2008-09 will
Ending stocks
487
254
456
571
be issued with the
July World Supslower-than-expected export ship- ply and Demand Estimates.
The average farm price of U.S.
ments during the closing weeks of
wheat in 2008-09 was projected to
2007-08.
U.S. all-wheat production in 2008 fall within a range from $6.75 to
was projected at 2,432 million bus, $8.25 a bu. The projected range was
up 40 million bus from the May up 15c on each end from the May
forecast and up 365 million bus, or forecast and compared with $6.50
18%, from 2,067 million bus in 2007. in 2007-08 and $4.26 in 2006-07. The
The all-wheat projection was based U.S.D.A. said wheat prices should
on a forecast winter wheat outturn be supported by early-season wheat
of 1,817 million bus and projected demand and higher corn prices.
The projected 2009 corn carryover
spring wheat production of 615 million bus, the latter based on spring was reduced 100 million bus from
planting intentions and trendline the May forecast, to 673 million
bus, versus a revised 1,433 million
yield and abandonment data.
Total wheat supply in the United bus projected for 2009. The cut from
States in 2008-09 was projected at May reflected a reduction of 5 bus
2,786 million bus, up 54 million bus per acre in the corn yield forecast
from 2,732 million bus as the May for 2008.
Ending stocks of soybeans in 2009
forecast and up 168 million bus, or
6%, from 2,618 million bus in the were projected at 175 million bus,
down 10 million bus from May but
year just concluded.
The U.S.D.A. projected domestic up 50 million bus from 125 million
disappearance of wheat in the cur- bus in 2008. The latter figure was
rent year at 2,299 million bus, up 50 cut 20 million bus from the May
million bus from the May forecast forecast. MBN
WASHINGTON - The Economic
Research Service of the U.S. Department of Agriculture on June 10 projected the U.S. wheat carryover on
June 1, 2009, at 487 million bus, up
4 million bus from the May forecast
and up 233 million bus, or 92%, from
the upwardly revised 2008 carryover
of 254 million bus.
The projected 2009 U.S.D.A. carryover was below the average of
pre-report trade estimates near 496
million bus.
The 2008-09 wheat carry-in forecast was raised 15 million bus
from the May projection because of

bakingbusiness.com / world-grain.com

hile planning to earn both a
master of science and doctorate
degree in biology, Norman Fox wanted
something to do "on the side." His "something on the side," was the Donut Den
which turned into a 33-year success.
When Norman decided to open a
doughnut shop, a friend, Herb Stewart,
introduced him to Oliver Harlow, founder
of Honey Flush Donuts, a 40-store chain.
Stewart and Harlow helped Norman open
the Donut Den, in July, 1973, in Nashville,
Tennessee. "Oliver Harlow not only
inspired, but gave me valuable practical
advice," said Norman.
Harlow started using International®
Bakers Services (IBS) flavorings in the
1960s, and suggested that Norman do the
same. He highly recommended
Cinnamon-Butter Blend. Today, that flavor
is the secret ingredient in the Donut Den's
Apple Fritters-their most popular product. "There is no other type of cinnamon
flavoring that makes the product taste this
good," stated Norman.
Consistency is the key to success in
any business. Maintaining a core product
line and keeping up with new trends keeps
regular customers coming back and
attracts new customers as well. "Another
secret to help ensure consistent quality is
our own Harold Graves, the cook for the
Donut Den for over 30 years," Norman
stated. But he attributes his 33 years of
success to following Harlow's recommendation-relying on the flavors from
International® Bakers Services. "Their flavors are consistently the best," according
to Norman.
Norman was a graduate student during
the first four years of the Donut Den.
After earning his doctorate degree, he
taught in university classrooms. But it
was a friend of a friend who taught him
his most valuable business lessons.
Sometimes it's who you know that helps
the most.
If you value consistent quality, you
should get to know International® Bakers
Services. Contact us toll-free at (800)
345-7175, by fax at (574) 287-7161, or in
writing at 1902 North Sheridan Ave.,
South Bend, Indiana 46628. We have the
flavors your customers deserve.
Milling & Baking News

June 17, 2008 / 19

http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - June 17, 2008

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