Digital Re-print March | April 2013

Global Feed Markets: March - April 2013

Grain & Feed Milling Technology is published six times a year by Perendale Publishers Ltd of the United Kingdom. All data is published in good faith, based on information received, and while every care is taken to prevent inaccuracies, the publishers accept no liability for any errors or omissions or for the consequences of action taken on the basis of information published. Copyright 2013 Perendale Publishers Ltd. All rights reserved. No part of this publication may be reproduced in any form or by any means without prior permission of the copyright owner. Printed by Perendale Publishers Ltd. ISSN: 1466-3872

www.gfmt.co.uk

GLOBAL
GRAIN & FEED MARKETS
Every issue GFMTs market analyst John Buckley reviews world trading conditions which are impacting the full range of commodities used in food and feed production. His observations will influence your decision-making.
Some analysts have forecast a 5% decline in combined Russian/Ukrainian sunflowerseed sowings with Ukraine alone down 7-10%, after less land was freed up for spring crops by winterkill of autumn-sown grain crops. Ukraine farmers might also have been deterred by a 17% drop in last years yields due to lack of timely rains.

Crop hopes should keep raw material costs in check

OPES of a major rebound from last seasons disappointing crop performance put wheat prices under further downward pressure for much of the period since our last review and helped restrain frisky corn/soya prices too. On the leading Chicago futures market, the bellwether soft red winter wheat contract fell at one stage to as little as $247 per tonne for near delivery compared with last Julys peak of about $347.50. European soft milling wheat followed suit despite a weak euro and rapidly disappearing supplies from last years smaller than expected crop, at one stage reaching eight month lows of 232/tonne on old-crop months. Traded prices on world export markets also declined, soft milling wheats settling about $20 either side of the $300/tonne level on fob terms. For US soft red winter wheat that was about $60/80 cheaper than last summers peaks. Two factors have driven wheat market weakness. One is the widespread idea that this years global crop might actually come close to the 2011 record 697m tonnes as output recovers in the former Soviet Union and Europe and increases in Canada and Australia. That total may be a bit optimistic, given the poor start to the US hard red winter wheat crop and a number of weather issues in western Europe and Russia. Still, a healthy addition to next seasons wheat supplies is nonetheless backed by bodies including the International Grains Council, the UN Food & Agriculture Organisation and the US Department of Agriculture (whose unofficial forecasts have been among the highest). That said, the view seems to be gaining hold that next seasons world surplus stock of wheat will not increase much as demand increases too. But then, global stocks are hardly small to start with, having run close to the record 200m tonne level for the past three seasons and even in his supposedly tighter year - still expected to finish at a comfortable 178m. This relatively small decline has been due to total wheat consumption falling this season by almost 25m tonnes. Although the US

raised its wheat use by 4m tonnes (to meet feed shortages after its small maize crop) consumption elsewhere fell far more steeply, mainly in the EU, Russia and Ukraine. Their combined decline, mainly in feed use, resulted in world total consumption in this sector dropping by almost 13m tonnes. The other factor weighing on wheat prices has been export competition, which has been sustained for far longer than many had expected at the start of this season when it was becoming clear that Black Sea harvests were going to disappoint again. In the event, Russian exportable supplies are thought to have collapsed by 11m tonnes while two other key exporters, Argentina and Australia are also expected to each ship 4m tonnes less than in the previous season. But on the other hand, Indian exports are seen increasing by 7m on-year to a new record 10m tonnes versus zero normally. Canadas sales are also seen rising by 1m, Europes by 3m. At the same time, this seasons world import demand has dropped away by 12m tonnes, (after declines in Egypt, EU, Africa, Middle East), leaving exporters competing for shares of a smaller cake. Interestingly, this has occurred despite constant reports that wheats unusual discount to maize is pushing the coarse grain out of Asian feed markets. Some analysts had expected wheat prices to firm up when Russian and Ukrainian supplies started to dry up at the turn of the year. However, India, burgeoning with record stocks and with another huge crop around the corner, then stepped up as the cheapest export offer - but quickly found itself still in a pricing (and quality) contest with US and European soft wheats too. Along with the continued presence of Canada and Australia and even yet - small volumes of wheat still trickling out of Russia and Kazakhstan, there has been no apparent shortage for importers wanting to take advantage of the drop in wheat prices (up to 22%) from last summers highs. While there has been no real justification to push prices up, US wheat futures markets have gone firmer again in the past month. This is partly

44 | march - april 2013

Grain

&feed millinG technoloGy

medium of the digestive tract and sulphates are attributed to a higher value than oxides. A product with very low solubility, for example, copper oxide, therefore should not be used (any longer) in feeding livestock.

COMMODITIES

(degradation and damage of s dients such as vitamins or f forming harmful free radicals and reducing palatability of fe al. 1998; Lu et al. 2010; Pang a

due to US exports finally picking up and even starting to approach the needed pace for the (recently reduced) official forecast for the season. At the same time, maize has extended its unusual price premium to wheat on both the US futures and physical markets, leading to a steady surge in wheat orders from domestic feeders and even from the US ethanol industry (despite wheats lower value in terms of starch/fuel production canceling out much of the advantage of its price discount v maize). However, possibly some of those substituting wheat in this and other sectors may be using it as a bargaining tool to keep their maize costs under control. Along with the higher exports this picture of improving US wheat demand (although not yet proven in the official seasonal forecasts for US wheat usage) has begun to unsettle the speculative community. For some time, funds and other outside investors had built up record large short (sold) positions on the futures markets, effectively betting on wheat prices falling further rather than rising. As these operators have been forced to cover their exposure, that has injected a self-fuelling element into the rally on the Chicago markets. In recent weeks, along with strong EU exports and a weak euro, the US trend has also spilled some strength into the European wheat market and into international wheat export prices to a lesser extent (Paris milling wheat futures recently at six-week highs). However, this latest mini-rally would not have been possible without some help from a relatively firm maize market, the latter underpinned by an ever tightening supply after last years short US crop. As the IGC reminded markets this past month, it is not only US stocks of maize that will finish 2012/13 at unusually low levels. World stocks are also expected to fall to a 16-year low. However, if all goes well with the coming US and other world crops of maize, that inventory could be back to an eight-year high by September 2014. All this, of course, has implications for wheat demand and value. If maize prices do shift, as futures promise, from their current modest premium over wheat to a steep 24% discount

by the end of the calendar year, wheat demand and pricing will clearly be G Graph 1: Impact of various copper sources on the affected. so concentration of vitamin E in feed (Lu et al. 2010) Like wheat, maize is also s e e ing lowe r world demand The good solubility of sulphates, however, 2006; Shurson et al. 2011). a 6.7% fall in this In contrast to inorganic, org provides us with the disadvantage that for seasons exports example dissociated copper ions are very trace elements (trace element on the back of a 10% drop reactive in consumption. A must also remember, the US crop has stable in only the just diet and abso (strong pro-oxidant that initiate and big US maize crop this summer will provided begun sowing promote and, as recent wet conditions animal is improved due to speed up oxidation) and therefore world supplies keep at least adverse steady too - result with havefeed reminded traders, there remain a world structure. Their advantage is reactions components in a lot more maize and less wheat being fed there. Cheaper prices should also boos t overall feedgrain use (The IGC sees barley output up 6% too). At this stage a US maize crop rebound See our previous editions online for free is expected of at least 30 % from this years unusually low 274m tonnes to around 360/370m tonnes. Thatv will not only boost demand but replenish US s tock s, Ba helping to Are you social? keep forward Keep up to date with us in-between issues by maize prices following us on any of our social platforms down through the coming Take a look at our newly re-vamped Facebook page, season. that now covers updates from GFMT as well as all of However, we the very best of The Global Millers news
May - June 2012 March - April 2012 January - February 2012 November - December 2011 October 2011

In this issue:
Mycotoxins an overview

LC-MS/MS:

The New Reference Method for Mycotoxin Analysis

Assessing cereal quality parameters

Bulk storage & handling

African advances

In this issue:
Increasing storage capacity

Animal feed milling is one of the most buoyant activities in the agri related field

Database for animal diet formulation techniques:

A glance to last decade

Producing Flaked breakfast Cereals

In this issue:
Sample preparation of feeds and forage for NIR analysis 15-Year Celebration: Fortifying with folic acid prevents 22,000 birth defects annually Global Feed Markets: Wheat supply grows and grows as corn crop shrinks

Mould control

in grain and feed preservation

In this issue:
NIR in practice

Grinding by a proven concept makes your choice simple

Efficiency

Energy saving in flour milling

Get in line

In this issue:
Improving supply from farm to fork Victam Asia Product Showcase Global grain & feed markets

Fast, reliable and flexible:

the world of modern bulk weighing

Rice and contract terms

Digital microwave moisture measurement

Process analysis solutions open new opportunities for improved profit and quality

Food safety in the grain milling industry Recent advances in rapid grain testing

Milling Technology Redefined

Controlling Insects
with heat

Preservatives

Preservatives are a recurring topic in public discussions

Global grain & feed markets

Optical sorting

New weighing software for UK co-operative

Optical sorting has come of age and should be considered as a serious option for inclusion in any modern wheat cleaning plant

Direct Cold Plasma:

The innovative answer to odour control in the food and feed industry

A subscription magazine for the global flour & feed milling industries - first published in 1891

A subscription magazine for the global flour & feed milling industries - first published in 1891

A subscription magazine for the global flour & feed milling industries - first published in 1891

A subscription magazine for the global flour & feed milling industries - first published in 1891

A subscription magazine for the global flour & feed milling industries - first published in 1891

GFMT12.03.indd 1

22/06/2012 08:48

GFMT12.02.indd 1

17/04/2012 13:05

GFMT12.01.indd 1

02/02/2012 10:12

GFMT11.06.indd 1

30/11/2011 17:28

GFMT11.05.indd 1

05/10/2011 09:49

www.gfmt.co.uk/archive.php

http://www.facebook.com/GrainFeedMillingTechnology

Confe GRAP

GRAPAS_Advert

Grain

&feed millinG technoloGy

Grain

&feed millinG technoloGy

march - april 2013 | 45

of weather possibilities to get through yet.

Wheat export competition may keep prices down

The biggest single factor affecting medium/long-term wheat costs in the months ahead will by the success or otherwise of Black Sea (CIS) attempts to recover production from last years disappointing , dr oughthit levels. Russia has had one or two problems with winterkill and dryness in its key southern (export supply catchment) area and officials are currently talking a wide crop range of 40/50m tonnes (probably near the median 45m) compared with last years 37.7m and 2011s bumper 56.2m tones. A few years earlier, Russia was producing over 60m so this years crop would hardly be a banner one. Russian stocks will also be very low by the end of this season and officials have talked about giving priority to rebuilding these before embarking on any aggressive export campaign. Even so, some Russian exporters have already started selling some of the new crop forward as cheaply as $265/275/tonne fob terms a massive discount to domestic old crop costs. This strategy may also risk exporters have to compete with the government when they come to source the sold grain as officials want to prioritise rebuilding depleted intervention stocks and are reportedly also planning to offer prices equivalent to $250/290/tonne. That said, the Russians have historically gone for the early season import trade and they have a reliable supplier reputation to rebuild for their future trade expansion plans (see GFMTs passim) so their early, active presence cant be ruled out. Last years Russian exports more than halved to 10.5m tonnes but the coming season could see a rebound to maybe 14-15m tonnes. There have been a few 20m forecasts which, given perfect summer weather, cant be ruled out. Ukraine has had an exceptionally kind winter with little frost damage and most of its wheat crop is in good condition. There has even been talk of the total (winter abnd spring) crop reaching a record 21m tonnes versus last years 15.5m and the 2011 record 18.8m. Ukraine has also got off to a flying start with its spring plantings and looks likely to have another huge maize crop which will reduce wheat feeding and leave more for export. At this stage, traders are talking 8m to 9m tonnes of exports versus this years 6.,5/7m but that

figure could go up too. Kazakhstan should also see some comeback in wheat output after drought cut last years crop from 22.7m to 9.8m tonnes and exports from 11m to 6.5m. If the Black Sea crops do come back as planned, they will be up against more competition for world import trade from India (maybe another 10m tonnes of unusual expor ts) and from expected bigger EU, Canadian and Australian crops, with the usual caveat of normal weather permitting across the board. The main exception is the worlds largest wheat exporter, the USA, where drought has diminished prospects for its hard red winter crop its biggest (and therefore the worlds) single country export component. However, even that crop is improving with recent rain and snow. With old crop HRW exports running lower on lack of demand and comfortable stocks of this class and wheat in total likely to be carried into 2012/13, the US should still be able to export freely. Will world wheat trade recover from this seasons 12m tonne drop? There are no obvious contenders yet to boost the figure in the import side and the top buyer Egypt has run out of trade finance and is cutting back sharply on purchases. Will as much wheat be fed to livestock in the US, Asia feed markets etc? Probably not, if corn production rebounds as much as forecast, returning to its usual discount versus wheat. However, countries which normally use a lot of wheat in feeds but had to cut use during the past tight/ expensive season (especially Europe and the CIS) may use more as supplies rebound and prices come down. Overall, the outlook is for adequate wheat supplies. Barring several severe weather upsets (realistically there are always one or two), the forward new crop prices quoted on the

US wheat market currently look too high especially against maize which is now heavily discounted for last quarter 2013 against the spot market and at a huge discount to forward wheat prices too. European wheat markets in contrast, are heavily discounted on new crop, Paris milling wheat futures 10% to 12% below current crop prices, mainly on the assumption that domestic wheat crops will increase this summer. In conclusion, amid higher global output, increased export competition, limited import recovery prospects and less pressure to feed wheat instead of maize, the European markets prospect of cheaper wheat costs ahead starts to look more realistic than the picture painted by US futures.

KEY FACTORS IN THE MONTHS AHEAD WHEAT

The extent of European and Black Sea crop rebounds from last years disappointing levels Spring, summer and harvest weather in the northern hemisphere The extent to which wheat use in feeds is reduced if maize crops recover as planned

Maize season of plenty ahead?

Crosscurrents have continued to tug at maize prices, restraining the price advance to about 6.5% compared with the near 10% added to wheats February lows. The main factor on the upside has been that spectre of low end-season stocks, especially after USDA recently added 2.5m tonnes to its US feed use forecast. There have also been reports of recovering demand from the US corn ethanol sector (40% of US maize disappearance). This has all made farmers cautious about parting with their remaining old crop stocks, expecting to get higher prices for as these as supplies dwindle in last quarter 2012/13 (Jun/Aug). This strategy is not without risk, though, as the US futures markets say maize will be cheaper by well over $1/bushel (about $47/tonne or 16.6%) from July to September, dropping by another 5% by December. At the same time, competition for maize import business on international markets is heating up to an almost unprecedented degree.

46 | march - april 2013

Grain

&feed millinG technoloGy

Have You Experienced This In Your Elevator?

For over 35 years, and in more than 50 countries, Tapco has been solving the problem of bent & torn steel buckets.

STYLE CC-HD (HEAVY DUTY)

Polyethylene Elevator Bucket
Urethane Nylon

apco nonmetallic buckets have the ability to absorb impact in the elevator leg and give or yield to bypass an obstruction. They then return to their original shape and keep on working for you. Tapco buckets weigh less than their pressed steel counterparts, lack sharp edges and therefore are far safer and easier to handle when fitting an elevator.

With 900,000 buckets in 93 sizes stocked throughout the world, Tapco has what you want, when you need it! Tapco also maintains over 15 million elevator bolts in imperial and metric threads in six styles. Tapco fanged elevator bolts have been specifically FANGED HEAD designed to work with nonmetallic buckets. Elevator Bolt Contact Tapco or visit www.tapcoinc.com today.

Replace your steel buckets with Tapco the buckets with the memory.

ELEVATOR BUCKETS - ELEVATOR BOLTS

225 Rock Industrial Park Drive, St. Louis, Missouri 63044 U.S.A.

Tel.: +1 314 739 9191 Fax: +1 314 739 5880 Email: info@tapcoinc.com www.tapcoinc.com
The color blue, when used in connection with elevator buckets, is a U.S. registered trademark owned by Tapco Inc. 2011 Tapco Inc. All rights reserved.

FEATURE

s being applicable to a wide includes the fully auditable dry steam belt Grain chilling in a flatWarehouse grain Refrigeration of a Grain chilling in a k settings, steam can be used sanitation unit (BSU) which cleans conveyor chilling bottom metal silo hopper silo concrete silo e innumerable cleaning tasks. belts to allergen level, saving up to 3 million corn as usual in 2012, is now expected export in 2012/13 weather. The Commissions crop forecasting an be used on feeding, mixing litres of water per annum. vessels, machinery, conveyor The organisation has also developed a close to last seasons record unit MARS recently forecast yields rebounding pipelines and also general floor central steam system for food production 15m tonnes exports. The by almost 17% which would add at least 9m e spaces and much more. As and packaging areas. This is much like a competition has been tonnes to this years production. to the surface, dry steam central vacuum, which facilitates cleaning undercutting US maize little residue and can by simply plugging the steam hoses into by as much as $20/30 per h dry, especially central steam pipes without the need for tonne, resulting in constant compared handling cleaning machines. The sophisti- downgrades to USDAs cated equipment can be used for the seasonal export forecast cleaning of heavy parts and for plastic for this grain. At 22.5m US maize planted area and growing weather will decide if US/world stocks return to parts cleaning. The machines start tonnes this will be the normal levels, prices fall as futures forecast from a 3kW single phase unit and lowest on modern record less than of and Rising global export competition for the reach up to 144kW All units ofavailthese benefits givea aquarter very quick To reduce insect infestation, a common grain storage facilities can all benefit of maize trade against USA from Latin America, CIS countries able in electric, paybackoil of or the world capital investment in the our practice is the use of fumigation. The chemitechnology. over half normally. and India may contribute cheaper maize heated typically coils. well chillers, achieved in one or two cal products used have to expertly and care- gas Consergra is pioneerto in the applicacosts ahead With the full brunt of Latfully managed, for safety reasons. And do not years. tion of chilled aeration in many products. harvests be Throughout Will Europes own maize crop rebound, Our system isAm suitable to be yet usedto in silos decrease grain temperature. the years, we have gained marketed, their dominance easing here? (made of metal or concrete, flat bottom or lots of supplies experience in the bulk preservalikely to remain at least US corn consumption seems conical bottom) is and warehouses, not need- tion of products such for as ethanol paddy rice in to all The Conserfrio system until the next US crop be picking up again and could be a mildly The Conserfrio system can be used ing additional civil works. The cooling units its varieties and lengths, cargo rice, milled proves its forecast recovery bullish factor for prices need only electrical energy. rice, maize, wheat, barley, sunflower seeds, and canthe then beThe offered at cotton Chinasseeds, growing feed demand and its maize dditional The chiller replaces fan. chilled, beans, soybeans and green those much cheaper prices deficit will it stabilize or expand in e required in Thanks to a vast improvement in weather over dry air is introduced into the silo through coffee beans to name but a few. 2013/14, first quarter 2013, Latin American maize crops indicated the futures markets. demanding the world market? improve cleaning existing by ducts. In benefit more of the from human and animal health now expected to reach record levels. Even then, the US could be air facing Speculators enthusiasm buygrains into any icient cleaning are capacity In warehouses, the chilled mayyet be and of the environment asto well, and Argentinas is up from 21m to 25/26m, Brazils another year through of increased competition from crop must weather from the steam pressure introduced ducts placed under or seeds be problems responsibly treated as food. Ukraine expects from 73m to perhaps 76m. Between them the Proteins/oilmeals - demand to mop up e surface to be cleaned and over floor. which In both cases to a harvest ducting about system could tonnes again this year. The EUs own extra soya? ower of micro they drops at aexport high 45/47m tonnes compared 21m must be previously installed. More inforMation: The oilmeal sector also remains promising with 15/25m normally. Ukraine, which for the maize crop which fell 11.5m tonnes last year with minimal moisture present. Website: www.consergra.com second year running, produced twice as much Conclusion could also rise sharply with more normal for cheaper costs ahead. Improved weather is cific The system cahas demonand strated to be nts the most natural ded A low temperature is key point and cost-effecThe Premier Grain Industry Event for a good storage ove - combining tive trade to with policy preserve Enroll in IAOMs Resident Milling Course program at cagrains, seeds Date:Tuesday, 11 June 2013 OCRIMs International School of Milling Technology in cific Venue: Westminster, London and perishable Cremona, Italy for independently of ambient weather con- granulates durhin ditions. Even under rain or fog theres ing storage. A Learn problem-solving skills for better technical and economic pliconsiderations at your mill. In addition to lecture and discussions, low storing temno risk of rewetting the grain. Our Assessing prospects, addressing challenges ces participants will be engaged in hands-on laboratory and pilot-scale not system is based on the making of con- perature uld milling exercises. only stant conditions under which grainfrom World grain and oilseed prices have the retreated their reduces thproduct vital storage issupplies easy, natural, safe and profit highs, but remain tight following last yearsthe poor IAOM Fundamentals of Milling I | Sept. 30-Oct. 4 of harvests in key exporting countries. While South American metabolic activearning. Hands-on technical training course on general our milling grecrops look set toturning break new this season, ity but also most Practices like therecords grain to cool it drought plant operations. conditions in the US remain a concern, and a recovery in troubles of the have weak success and waste lots of energy, demand will keep supplies under pressure. IAOM Fundamentals of Milling II | October 7-11 of a storing also breaking some percentage of grains. With renewed price volatility, biofuel mandates come control. Technical and economic analytical tools for milling process without There are many direct savings and ben- have under intense scrutiny, and the potential for policy-driven evaluation. Typical users efits related to a correct chilled conservation. restrictions to trade, particularly should harvests disappoint nt of chilled aeraThe most again, are important an enduringare: market concern. Course Fees: Member - 1,900 Non-member - 2,000 ns tion are from Avoiding fumigation means cost savings e course fees cover tuition, laboratory fees, books, special instruction, materials, The IGC Grains Conference brings togethersmall key farms with ch Less weight loss, in other words higher public transport pass, and lunch on class days. Fees do not include lodging and decision makers, industry representatives and other rey evening meals. Fee covers one week of instruction. as little as 100 product output at the end of storage stakeholders to discuss the latest developments in has ton storage up time the grain and oilseed markets together with the is to large plants Higher product quality means a higher policy challenges they present. a with storing selling price dry capacities of Higher head grains after the milling nes around 100,000, process. This point is especially ent 500,000 or even important in the rice industry 1,000,000 mt. Energy savings in the drying process. It for information about IGC visit: any Rice mills, is possible and safe to store product eriflour mills, feed with a higher moisture content if grain ting mills, malting temperature is low. A drying-cooling for event specic information visit: am plants, oilseed combination achieves relevant energy www.igc.int/en/conference/confhome.aspx www.iaom.info/education This crushing plants savings.

COMMODITIES
FEATURE

KEY FACTORS IN THE MONTHS AHEAD MAIZE

UPGRADE YOUR SKILLS WITH IAOM

www.igc.int
Grain feed millinG technoloGy Grain feed millinG technoloGy

& &

march - april 2013 | 11

march - april 2013 | 47 march - april 2013 | 37

helping record Latin American crop forecast materialize and, if the US sows as much as most analysts expect and gets more normal weather/yields this year supplies will be more than adequate in 2013/14. Some question marks remain over 2013 crops of other key oilseeds like sunflowers and rapeseed. However, the sheer size of the increase in soya supplies should be enough to push up world total oilseed production by some 26m tonnes or about 6% . All these alternative oilmeals, of course, cannot divorce their pricing from the market leader soya meal accounting for 55% of total meal output and with its higher protein content, the most valuable meal too. Currently the futures markets are predicting US soya meal prices will be over 15% cheaper by last quarter 2013 although, if all the US production comes through, that may considerably understate the potential decline in costs in this sector.

Sunflower/rapeseed prospects
Some analysts have forecast a 5% decline in combined Russian/Ukrainian sunflowerseed sowings with Ukraine alone down 7-10% , after less land was freed up for spring crops by winterkill of autumn-sown grain crops. Ukraine farmers might also have been

deterred by a 17% drop in last years yields due to lack of timely rains. EU sunflower output is meanwhile forecast by French analyst Strategie Grains to rise by over 11% to 7.8m tonnes but stocks of sunflowerseed in EU and global terms will be unusually low at the start of next season, so domestic supplies may still need a bigger top up than this from imports. European rapeseed crop prospects are mixed as northwest France and the UK had far too much rain, waterlogging, intermittent mild weather and freezing blasts. Some reports suggest 20% or more UK winter sowings could fail. However, Germany, Denmark and some eastern states are looking better than last year with less frost damage, so the total EU figure could yet increase within a range of 18.5/20.5m tonnes. Like sunflowerseed, rapeseed has drawn stocks to very low levels in EU and global terms so supplies are unlikely to be loose next season. On the bright side, Ukrainian crop prospects are much better than last years so more could be exported from this frequent EU supplier. The largest exporter, Canada expects to sow less canola as farmers shift to wheat but, providing this years slow snow melt doesnt hold up sowing, a return from last years weather-hit yields (they fell 20%!) to normal levels could yet

yield a record crop on the planned area. Down under, Australian rapeseed output was recently forecast to increase from last years 3.64m to about 3.5/3.7m tonnes, some estimates even approaching 4m which would be welcomed by impor ters. With world stocks at a nine-year low, bigger rapeseed crops are needed this year to avoid short supplies towards the close of next season although rapeseed meal, as noted above, will have to continue pricing at a discount to what it is hoped will be relatively abyndant soya meal.

KEY FACTORS IN THE MONTHS AHEAD OILMEALS/PROTEINS

US spring soyabean planting and growing weather South Americas delayed marketing of a record crop more competition ahead for the USAs peak, post-harvest marketing period and further downward pressure on soya costs? Chinese demand for soya meal is it starting to peak or just pausing for breath? EU/CIS rapeseed & sunflowerseed and Canadian canola plantings - and their crop weather

WANT NEWS?

Grain & Feed Milling Technology magazine has two new options for you - online and up to the minute!

Global Miller
THE

The Global Miller blog is an online offshoot of Grain & Feed Milling Technology magazine. While the bi-monthly magazine covers milling issues in-depth, the Global Miller takes a lighter approach. The columnists dig out the best daily industry stories, show and event news and highlights from the print magazine and bring them to you ever day ...

The Global Milling News service is a new development from the Perendale Publishers Limited family of grain, feed and our milling publications. The site scours the web to nd relevant stories from around the globe. The information is then ranked and orgnaised by topic, making it easy to nd information. If youre searching for a specic topic, youll nd it at Global Milling News.

To nd out more about our news services visit:

http://www.gfmt.co.uk/millingnews

All of our services are also available for your smart phone.Visit http://www.gfmt.co.uk/pplapp for a demo version of our app - or use the QR code to get the app FREE on your mobile.

GO MOBILE

48 | march - april 2013

Grain

&feed millinG technoloGy

Leave nothing to chance. With WinCos Care, the Service Management System of Bhler, you will put your maintenance work in order. The system, which is customized by Bhler to precisely fit the specific needs of your production system, takes charge of the entire planning and administration of all your maintenance jobs. This ensures efficient processes and maximum plant uptime.

Bhler AG, Grain Processing Customer Service, CH-9240 Uzwil, Switzerland, T +41 71 955 30 40, service.gp@buhlergroup.com, www.buhlergroup.com

WinCos Care Service Management System Unrivaled Efficiency.

Maximum uptime: Prefabricated job cards are based on service hours or calendar intervals as well as individual job planning. Plug & Play: Efficient processes and customerspecifically programmed software for all plants. Always up to the minute: Automatic online updates and data backup. All in one system: Extensive documentation, among other things for certifications (e.g. International Food Standard).

Innovations for a better world.

This digital Re-print is part of the March | April 2013 edition of Grain & Feed Milling Technology magazine. Content from the magazine is available to view free-of-charge, both as a full online magazine on our website, and as an archive of individual features on the docstoc website. Please click here to view our other publications on www.docstoc.com.
March - April 2013

LINKS
See the full issue
Visit the GFMT website Contact the GFMT Team Subscribe to GFMT
In this issue:
Measures for increasing the energy efficiency of UFA feed mills in Switzerland Importance of trace minerals for nutrient stability in feed Managing mill maintenance - Maintenance
options and challenges

first published in 1891

Additives for flour standardisation

Part I: Enzymes

Fine grinding and BS3 Xylanase improve productivity in weaners

Super chilled grains

A subscription magazine for the global flour & feed milling industries - first published in 1891

INCORPORATING PORTS, DISTRIBUTION AND FORMULATION

To purchase a paper copy of the magazine, or to subscribe to the paper edition please contact our Circulation and Subscriptions Manager on the link adove.

INFORMATION FOR ADVERTISERS - CLICK HERE

Article reprints
All Grain & Feed Milling Tecchnology feature articles can be re-printed as a 4 or 8 page booklets (these have been used as point of sale materials, promotional materials for shows and exhibitions etc). If you are interested in getting this article re-printed please contact the GFMT team for more information on - Tel: +44 1242 267707 - Email: jamest@gfmt.co.uk or visit www.gfmt.co.uk/reprints

www.gfmt.co.uk