Digital Re-print - January | February 2010

Feature title: Global feed markets - January | February 2010

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 2010 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 NEXT PAGE

 COMMODITIES
GLObAL
GrAIN & FEED mArKETS
Every issue GFMT’s 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.

it’s eventually harvested, in the spring) and Eastern Europe and maybe a bigger than the US sows what may well be an even bigger
European cereal

markets have
Adequate stocks & slow will probably not struggle to find homes.
The USA’s new 100m tonne corn ethanol
industry is an obvious outlet, less fussy in its
expected crop approaching from the former
No 2 maize exporter Argentina too. European
consumers have also been able to draw down
record maize crop for 2010.
The US soya crop has also hit a new
record level despite an even later start,
requirements than the corn food and feed their own adequate maize stocks left over than maize as farmers brought it in first
recently been

closely tracking
demand anchor prices sectors – though a price discount may be
expected from these buyers, pointing to a
two-tier maize market ahead.
from last year’s much bigger domestic crop.
Along with a general unwillingness on the part
of importers to buy more than necessary,
because of its tendency to spoil quicker
under damp harvest weather. Two other,
colliding, factors have been driving soya -
However, overall, there is a slacker feel this has kept US maize exports far below the incessant heavy demand from top world
moves on the

Chicago futures
markets and in
international export
pricing. Chicago, as
noted in our intro,
had its brief run-up,
then turned ‘south’
again.
E
xternal factors continued to
dominate European grain and
feed markets in the opening
weeks of 2010 - US weather/
crop news, currency volatility, constant
shifts in pundits’ short-medium term
views on the global economic outlook
and speculators’ often fickle responses
to all these issues.
However, the good news for consumers in
late-January was that overall feed raw material
costs were moving down - in both the energy
and protein sectors - amid larger than expected
supplies of wheat, maize and soyabeans, prices of
all three flirting with three-month lows as we went
to press. Price restraint has also been demanded
by continuing uncertainty over the growth of
world demand for cereals in another recessionary
year. Speculators might find it tougher to exert
to maize markets in the US, Europe, Asia levels anticipated by the USDA. That means importer China and the growing likelihood
a bullish influence over the commodity markets and other big compounding regions with end-season stocks of maize in the US will that those record South American soya
in 2010 amid ongoing credit squeezes and US alternative supplies still coming through probably be looser than expected and upward crops we expected in our last issue will all
proposals for new restrictions on the activities of from up and coming exporters like Brazil pressures on prices reduced – even before get planted and harvested. Although China is
banks and hedge funds in futures trading.
Perhaps the biggest upset, though was the US
Agriculture Department’s surprise decision to
raise its maize crop forecastto a new record 334m
tonnes from 328m. This was not a massive rise Naturally ahead
in terms of nearly 800m tonnes of world maize
consumption but it wrong footed the US trade
who had expected a crop decline after one of the
wettest Novembers on record kept 10% of it in
the field far beyond normal harvest dates.
Not that there isn’t still a big, perhaps growing,
question mark over the quality of crops harvested Satisfying customers
through delivering the perfect product!
under damp conditions and stored with high
moisture, not to mention the 5% still unharvested
even in January - a large chunk of it lying for some
time under snow. Yet even that grain (assuming

Mycotoxins decrease performance and interfere

with the health status of your animals.

Mycofix® is the right feed additive for mycotoxin

risk management, adding value and performance.

Trials and more information you will find at:

info@biomin.net www.mycofix.biomin.net
Ad_MPL_GFMT_CIL_1_10.indd 1 29.01.2010 11:36:49 Uhr
32 | January - february 2010 Grain &feed millinG technoloGy Grain &feed millinG technoloGy PREVIOUS PAGE NEXT PAGE January - february 2010 | 33
 be be
applied
applied
to to
all all
grain
grain
binsbins
andand
silos
silos
on on
a a

News January - February 2010

Quality
Qualitygrain
grainstorage
storage
the only outstanding growth market for soya Another significant development in the past possibility for cheaper grain in the early weeks
GAME Engineering Ltd become a distributorWe’re
for
We’reSCE
right Bins
rightup
upthere
there

G
products so far this season, its heavy demand month or so is that analysts are not talking of 2010. AME Engineering new cus tomer s
is eating into US stocks at an uncomfortably down the next world wheat crop as much as have recently been looking for turn
rapid pace although it is possible some of they were in the autumn, removing one of Growth in wheat use slowing appointed distributors
for the specialist bin supplier
key bin installation
package.
thee mega purchases might not get shipped – the key reasons for speculators to invest in
swapped instead to Latin American soya when wheat and helping to keep a premium of about down SCE, Silo Construction
Working closely Grain. Sports
Grain.Which
Which & Performance
is why
is why wewe never Nutrition
never
Engineering Limited of Belgium,
these crops are confirmed. Either way, the 10% on distant 2010 Chicago futures prices. Last season world wheat consumption with SCE and It’sIt’s
your Conference
your underestimate
underestimate thethe
importance
importance
extraordinary bounce-back in back in Latin
American crops should restrain prices ahead
A similar premium was forecast by futures
this time last year but that proved wrong –
grew by over 22m tonnes or about 3.6%.
During 2009/10, the increase is expected to
FOOD CHAIN
to bring SCE’s range of single
and twin skin bins to the
with other sub
contractors,
business.
business.of of
howhow
Bridging it isit handled.
Markets, is handled.
Business & Research
market in the United Kingdom If you
If you
need
needa partner
a partnerwith
with
thethe
– for soya and the entire oilseed meal sector. futures are actually cheaper now than then. be nearer 7m tonnes or about 1.1%. Most GAME expertise,
expertise,technology
technology andand
and throughout Ireland.
Wheat too has also had its share of weather
problems in the USA with planting of the US
Clearly many of the bullish supply factors
have been offset by bearish demand news
of this slowdown is down to the US and the
EU, where feeding to livestock boomed last
From Farm to Table Engineering can
Koen Verbrugge, sales engineer offer a design and
manufacturing
manufacturing
ensure
ensurethat
that
your
methods
methods
your
storage
to to
storageplant
plant
at SCE commented ‘SCE was so build ser vice for is second-to-none
is second-to-none in in
terms
termsof of
soft red winter crop running late (planted on in the past couple of months. Yet that did season but has now flattened out, in the US
delighted with the collaboration t win and single quality
quality
andandprocesses,
processes, then
then
the same land as the delayed maize crop) and not stop commodity prices rallying at one case, even falling. World wheat feeding overall and experience of the staff skin bins including
amid generally poor price incentives, leading stage fast and far enough for some pundits may also drop 1m or 2m tonnes this season,
look
looknono
further.
further.
of GAME Engineer ing that erection,
a drop in total US winter wheat sowings of to predict another bull market was now on leaving growth dependent on the food and forming the distributor ship installation You
You
can
can
trust
trust
in in
Chief.
Chief.
over 6m acres to their lowest level since the way and that grains – as undervalued ethanol sectors (though the latter needs w a s o n l y a l o g i c s t e p .’ o f c o n v e y o r s ,
1913! However, while this is a supporting commodities – would have to join in the fray. watching as a bullish factor). feeders and
During GAME Engineering’s many 19bin & 20 November
suppliers, but these2009, For Frankfurt
more inFormation(Germany) :
An even starker shift is taking place on the ot h e r p r o ce s s m a ch i n e r y. Le Meridien
recent working relationship on bins from SCE Hotel (Frankfurt)
are the best I GAME Engineering > Combine with FiEurope
world export markets – where international Civil engineering, elec trical European Business
The
thepremier meeting point
construction of ffor the feed and food industry in 2010.
inished have seen. I feel thatandbringing
Research Cases from Kesko, Lucozade, Science in Sports,
Dave Burkitt
wheat prices are ‘made’ with considerable engineering
Addressing common concerns and identifying and control can
opportunities. NutriSense, Lantmannen, Solae, Beneo-Palatinit,
Beckingham
Beckingham NutriScience,
Business
Business Professional
Park
Park
produc t blending bins for SCE to the UK will be to the Team
Cycling, Skating & Body Building Nutritionists,
Contracts Maastricht
Director University,
Witham
influence on US and EU grain values. Last be provided within GAME Tolleshunt
TolleshuntMajor,
Major,
Maldon
Maldon
Wagg JoinFoods, they were
us in Cancun, most
Mexico!. For more information visit: benefZenith
it of& many
many others
future bin Essex Essex
St CM9
HughsCM98LZ,8LZ,
UKUK Park
Business
Engineering’s turnkey packages.
season world import demand rocketed by impressed by the people and projecMeet
ts. Leading
We are EU cur rently
26m to 142.6m tonnes or 22%. This season, www.globalfeed-food.com
service provided. So much so GAME Engineer ing Projec t “do”
d eve lo Openma
ping
Research
Innovation
TelWitham
andcdevelop
ny p r oje t s Fax
Tel+44
Institutes, +44
join(0)1621
(0)1621
European
St 868944
868944
Research
Hughs, Lincoln,
New Industry & Research Networks
LN6
Fax+44 9TW,
+44
(0)1621 United
(0)1621 Kindgom
868955
868955
Projects,

factor, markets seem to have taken it in their
stride. Although SRW is the basis of the highly
influential Chicago futures market (which
Europe follows more and more these days),
it is also the grain in most abundant supply
from the largest cross-section of sources
– US, Europe east and west, former Soviet
Union etc. Even the projected decline in US
wheat output in 2010 is more or less offset
by huge carryover stocks stocks at the start
of the new season. Large wheat stocks will
also be held in Europe and massive stocks in
the former Soviet countries. As in the maize
market, this leaves one wondering how much
lower prices would have been without these
US weather problems.
Although dearer than in the autumn,
even the quality wheats have come down a
bit in price recently with confirmation of a
bigger than expected Canadian crop, a very
large Australian harvest for the second year
running and plenty of good quality wheat
coming out of the ‘Black Sea’ region, especially
from Kazakhstan.
it’s expected to drop back by 13%, thanks that GAME Engineering plan Engineering Manager, Stewar t
Hosted jointly by
involving new bins and I look E-mail Tel: +44
E-mail 1522 868021
sales@chief.co.uk
sales@chief.co.uk
in co-operation
to better crops and much lower import to bring thisFAOsuccessful
& IFIF working Brown said, ‘Over the years for w a r d to wor k ing mor e Email: dburkitt@game-engineering.com
with Conafab www.chief.co.uk
www.chief.co.uk
requirements in North Africa and the Middle partnership to the advantage of I have had e x pe r ie nce of closely with SCE in the future’. Website: www.game-engineering.comº
East, especially Iran.
None of these changes really has much to Grain &&
Grainfeed
feed
millinG
millinG
technoloGy
technoloGy January
January
- february
- february
2010
2010
| 23| 23
do with global recession – more the weather IFIF QP AD.indd 1 19/06/2009 15:34
in importing countries and, for some wheat
consumers, changes in the supply and cost of GFMT10.01.indd
GFMT10.01.indd
23 23 29/01/2010
29/01/2010
15:17
15:17
maize as the chief competitor in animal feeds.
We pride ourselves in implementing > Turnkey installations
However, most of this short-lived rally was However, the economic squeeze has naturally
the latest technological
ignoring fundamentals and based almost solely made import buyers more price-conscious > Cleaning equipment
improvements
on an ever weakening US dollar. Paradoxically, across the cereal sector, either because of
We strive for the highest quality > Milling equipment
the latter was seen as signal that the US/global tight credit or concerns about depressed
economy was perking up, allowing speculators meat and feed demand. & confidence in our products & > Transfer equipment
to feel more comfortable letting go of the On the supply side, competition is as fierce services
> Extraction Control
‘safe’ or ‘‘quality’ currency to spend on more as ever for wheat import custom. World Our goal is complete customer
on riskier investments – like commodities. wheat output in 2009/10, far from falling
> Packaging
satisfaction in the production of
The problem with this argument at the sharply as many predicted this time last year, our flour milling machines > Complementary machines
moment is that each week, sometimes each declined by just 6m to 11m tonnes – barely
day, seems to bring a different or opposing over 1% from 2008/09’s record 686/683m
view on whether the global recession really tonnes (USDA/IGC). Thanks to that massive
is ending in the US, China, Western Europe crop, stocks carried into this season were
etc. But whatever the wishful thanking of at a 7-year peak of 164m tonnes – over 40m
banks and hedge funds trying to talk up the more than last season’s. So wheat supplies
value of their portfolios to punters, the idea are significantly larger this year during a year
that commodity demand is set to roar away of flattening demand.
does look premature. The reality is that both Wheat value is also set by the price of Konya Organize Sanayi Bölgesi 7 Sokak
wheat and feed grains have recently suffered competing feedgrains and, to a lesser extent No: 3 Konya/TÜRKİYE
from a paucity of real physical demand. So, rice as a foodgrain in large parts of Asia. The T: +90 332 239 1016 (pbx)
not surprisingly, grain prices – like those of rice price has been rising quite sharply on F: +90 332 239 1348
crude oil and gold have shed much of these shortfalls in some countries and there will E: unormak@unormak.com.tr
speculative-based gains. In fact, all the recent be some substitution by wheat in south Asia
talk on the EU market has been about the but not by enough to seriously distort total

www.unormak.com.tr Realizing your future by your voice

34 | January - february 2010 Grain &feed millinG technoloGy Unormak.indd &feed millinG technoloGy
Grain 1 feed millinG technoloGy
Grain & PREVIOUS PAGE NEXT PAGE January - february24/11/2009
2010 | 3515:56
January - february 2010 | 7

wheat demand or wheat value. Maize prices
meanwhile seem to be on the way down again,
also influencing wheat as a competitor in
feeds.
Wheat prices are also influenced by
perceptions of what supply will be available
from the next crop. Back in the autumn, many
analysts were taking of a big cut in sowings
for 2010 – maybe 5% or more - and a steep
decline in production. Yet the last report
from the International Grains Council only
expected a 1.1m hectare fall in area. This
is only a preliminary figure but if it were
correct and average yields stayed stable at
this season’s level, it would still deliver an
adequate crop. Even if wheat area and yields
fell far more steeply and cut production by 5%
to 10% - and consumption rose another 10m
tonnes - ending stocks of wheat in 2010/11
would still be comfortable in the 130/150m
tonne range. Currently, the world is expected
to carry about 196/7m tonnes of wheat into
the next crop year, starting around mid-2010
– 27m more than last year and almost 70m
more than in 2007/8. Without a world wheat
crop catastrophe this summer, stocks could
36 | January - february 2010
conceivably be even larger by mid-2011.
European cereal markets have recently been
closely tracking moves on the Chicago futures
markets and in international export pricing.
Chicago, as noted in our intro, had its brief
run-up, then turned ‘south’ again. Export
prices also enjoyed a bout of strength as
Russian and Ukrainian ‘Black Sea’ sellers sold
less aggressively and manage to hoist prices
on the premise of lower 2009 crops in the CIS
region this year. However, the major players
in the former Soviet Union are still carrying
very large stocks from last year and seem to
be returning as more aggressive sellers with
lower prices as 2010 gets underway.
Looking at the other top players in the
world wheat export market, Canadian 2009
production has recently been revised up by
2.5m to 26.5m tonnes – about 2m less than
last year. Australia’s harvest has been trimmed
slightly by hot dry weather in the final stages
but will still be large for a second year running
at around 22m tonnes. EU crop estimates
have continued to creep higher over the late
autumn and early winter months to around
139m tonnes - only 12m or so below last
year’s record but that gap is halved by the
18m tonnes of stocks carried in from last
season (versus 12m the year before). As the
EU only needs 127m tonnes of wheat for its
own purposes, this leaves more than enough
to meet some foreseen export demand and
still maintain comfortable end-season stocks.
Not surprisingly these EU & world supply/
demand equations have made many EU buyers
VIV Europe 2010
(and importers around the world) reluctant
to take on forward coverage. Yet farmers
have been equally reticent, watching prices
dip again to levels that, for many, offer little
if any profit. The result has been a stalemate,
slow trade to open the year and an EU market
moving increasingly on ‘outside’ factors like
the value of the dollar, economic signals,
crude oil and gold prices – or simply daily
fluctuations in US grain futures.
Probably, this situation will change little
until the spring when markets have a firmer
20 - 22 April
grip on what has been planted for winter
wheat and will be sown in the spring. Even
then, another two or three months will be
needed to gauge the impact of crop weather
on yields. By this time, wheat value will also
be influenced by the first firm information on
what US maize and soya farmers will plant 2 inspiring information platforms centred
for 2010 crops.
around innovation will be hosted:
US maize crop cliffhanger Eggs! Meat Safety
The previous year was bad enough but
there’s probably never been a year quite like
2009 in terms of testing US maize farmers’
ability to raise a crop. First there was doubt
whether it would all get sown amid record
floods in many areas; then an often cool,
Register now
sunless summer preventing a ‘catch-up’ to
beat the risk of early frosts; then the rains
for free entrance
came down and latterly snow too – resulting
in one of the latest crops in perhaps 70 years
of fairly reliable records. However, the almost
at www.viv.net
miraculous escape of 95% of the crop to
harvest and silo by end-year did mask the
possibility of quality problems caused by the
weather, especially amid talk that some might
be left in the field until the spring. Maize,
of course, is a hardy crop and can take a
lot of punishment from the weather once
ripe. However, a two tier market does now
See the latest. Know the latest. Select Utrecht in 2010
seem to be opening up as farmers dump as
much of their damper, lower quality, light The place-to-be to find the most inspiring innovations in future
test weight corn as possible on the market
rather than risk storage problems, keeping farming in 2010. VIV Europe is the meeting place for international
the best back for later. This has helped keep
spot corn prices in check and, with them, top decision makers in the animal protein industry.
Grain &feed millinG technoloGy PREVIOUS PAGE NEXT PAGE

global feedgrain markets, for the moment.
Not that the US has had any difficulty
meeting demand – which has been rather
slack recently amid plenty of alternative
supplies of both maize and feedwheat from
other sources. Argentina may have dropped
out of the No 2 exporter slot after a couple
of poor crops but Brazil has expanded
its supply enough to fill most of that gap.
Eastern Europe/CIS maize (and feedwheat)
suppliers have also been biting smaller
chunks off US maize export trade, leaving it
far behind official forecasts and keeping the
bulls tethered in Chicago and overseas maize
markets. Argentina’s next crop (harvested
this spring) is also doing better than expected
and will be trading more competitively into
export channels soon.
There has been recent tendency for banks
and investment funds to talk up the future
value of maize. The rationale is that the
current US/world crop may not continue to
38 | January - february 2010
keep up with demand without taking stocks
down to risky low levels by the close of this
season – and/or that prices are currently
too low to ‘buy’ a big enough corn planted
area this spring. Yet the commercial view is
the opposite with most analysts looking for
plantings in the US to rise by 3m to 6m acres
which, with a more normal growing season,
might add another 10m to 15m tonnes to last
year’s record crop figure.
It’s also worth noting that world maize
consumption growth is mainly focused on
the two largest consuming countries, the
US and China. The US expects to need an
extra 17m tonnes this season, the lion’s share
going to expanding ethanol demand and the
rest mainly to 3m to 4m tonnes of reviving
feed consumption (which fell by nearly 17m
tonnes last season because of the economic
recession). China is said to need an extra
7m tonnes this season, mainly for its feed
industry. The latter is currently believed to be
■ Precise Discharge ■ Tough & Flexible
Consistent profile shape assures uniform discharge Injection molded polyethylene “gives” or “yields” to
growing at 2.4% per annum after a 5% drop
in first half 2009 but a steeper recovery is characteristics over the entire bucket range. bypass obstructions in your elevator, allowing the
possible given China’s still strong economic bucket to return to its original shape.
growth (this may also influence China’s soya
demand with impact on world prices). ■ Perfect Fit ■ Unequaled Strength
Elsewhere, we also see maize demand
Direct inter- Thick walls and prime virgin engineered
growth forecast for India (+800,000), Nigeria
change and resins provide exceptional strength.
(+600,000), Indonesia (+300,000) which,
with smaller gains in other regions, puts world
replacement
consumption about 28m tonnes higher for of existing steel
this season at 803m. With production at buckets. No ■ Accurate & Reliable
790m, this requires a like drawdown in stocks, modifications Capacity
currently seen dropping to 136m by the start to your elevator Ratings
of next season for a stock/use ratio of about are needed. Equal or
16.9% or 9 weeks’ supply. greater
Stocks were lower still as recently as
carrying
2006/07 (109m tonnes or 15% stock/use).
capacity
However, while that did presage record corn
prices in 2007/08, it was in the novel context
of equiva-
of record US demand growth for ethanol and ■ Increased Safety lent size
world crop shortfalls the following year for Nonmetallic materials eliminate steel buckets.
oilseeds and wheat. Perhaps above all, those the possibility of explosion-causing Rounded front
maize prices reflected a new synergy between sparking from bent and torn lip aids in filling
rocketing crude oil prices and speculative steel buckets.
®
of bucket.
investment fever for anything that looked
vaguely like a commodity. The current
situation is different. Wheat and soya supply
■ Cost Efficient
outlooks are currently loose, crude oil is less Prime virgin resins give unsurpassed
than half the price at which it peaked (though ■ Ease of Installation bucket life for maximum return
rising again recently) while ethanol demand Lighter weight aids in mounting buckets and on investment.
growth has slowed markedly (although we reduces load on belt and running components.
must watch this factor for mid-2010, when Nonmetallic materials eliminate hazardous sharp ■ Ordered Today, Shipped Today
laws governing its use come up for review). edges of steel buckets. 900,000 buckets in stock worldwide.
Bullish maize speculators must also be
feeling a bit cautious still after the beating
they took last year from misplaced bets
on a prolonged commodity boom - not to STYLE SUPER EUROBUCKET ™ and STYLE CC-HD Polyethylene Elevator Buckets (pictured)
mention the drying up of their liquidity in the
aftermath of the credit squeeze. Speculation
will probably remain a factor in the wings, How Tapco Buckets Make a World of Difference
in Your Elevator Facility
ready to exaggerate any price rises based on
weather scares. However, if the US crop is
another big one and world demand continue
to fall within the boundaries of fresh supplies, Now available, only from Tapco, the two 25% more capacity than the 8" buckets at Tapco elevator bolts are specifically designed
speculators might be forced to seek richer most popular bucket designs in a very cost effective price. to work with nonmetallic buckets. To
rewards elsewhere. the world! For North American style Wear and tear is a fact of life in many achieve the ultimate assembly, use Tapco
* World barley production has finished up elevators: the classic CC-HD design. For elevators. Tapco urethane buckets are fanged elevator bolts and self-locking
at about 149m tonnes this year, just 5m down European style elevators: the Super known for their exceptional wear nuts. Tapco stocks 14 million
from 2008 and one of the bigger crops of EuroBucket. characteristics. Our nylon buckets are bolts in five styles. If you would
recent years. Demand is seen 4m tonnes up Do you need more capacity? Consider the extremely strong, yet lightweight. If you like to improve your
but will lag production at 147m tonnes, leaving Tapco 8" and 9" CC-HD Super Capacity are not using Tapco buckets, you are not elevator performance,
FLAT
stocks more or less unchanged around 31m buckets. Our 9" projection cups provide getting the most out of your elevator! call today or visit COUNTERSUNK
HEAD
tonnes. Barley prices have mostly followed www.tapcoinc.com. Elevator Bolt
FANGED HEAD
maize in recent weeks, rising in Oct/.Nov but Elevator Bolt
easing recently. Very early pointers from the
IGC suggest world barley sowings will decline
in 2010 in the EU and North Africa. COZENS & COLE LTD. ELEVATOR BUCKETS - ELEVATOR BOLTS
Wolverhampton, West Midlands UK St. Louis, Missouri USA
Tel.: 01902 405971 • Fax: 01902 497021 Tel.: +1 314 739 9191 • Fax: +1 314 739 5880
www.cozensandcole.co.uk www.tapcoinc.com
The color blue, when used in connection with elevator buckets, is a U.S. registered trademark owned by Tapco Inc.
PREVIOUS PAGE Super EuroBucketNEXT
™ is aPAGE
registered trademark of Tapco Inc. © 2010 Tapco Inc.® All rights reserved.
Grain &feed millinG technoloGy
 Feature L&D
Fatten up your bottom line. Buhler high-performance animal and aqua feed production
systems are used by leading companies around the world. These producers know they
can rely not just on the technology itself, but also on the support that accompanies it.
person and how effective that
information will be in relation “An L&D programme should provide the company A service combining local presence with global expertise both lowers feed mill operating
OILMEALS – plenty of soya
to their work.
is also roaring ahead of export forecasts for USDA’s January take on 2009/10 world
soya meal.with an analysis of the learning
soya supply required,
puts production at 253.4m, the
up
costs and increases capacity utilization. So the question is not whether you can afford to
ahead
Consultants vs This demand swing to the US owes much about 44.5m from last year. World soya
company
Protein/oilmeal prices were promising a individuals
training most
to disappointing crops suited
in last spring in Latinto crush
theis currently
learning,expectedencompass
to rise by only choose Buhler – it’s how a solution from Buhler will feed your profits. To find out more,
firm An
finish to 2009
L&D but it all went
programme pear-shaped America where stocks ran low and exports 11m tonnes with the rest added to stocks
should
inprovide
the new Yearthe ascompany
USDA confirmedwith a record abecame
variety of learning
less competitive methods
than usual, leaving and into
or disappearing ensure accurate
human food outlets. visit www.buhlergroup.com.
an analysis
91.5m of the
tonne US crop and alearning
steep rise in world buyers few other options. It has probably also Soya meal demand is meanwhile expected
required,
stocks. thehave
There individuals
been some mostreports of reflected feedback is obtained
caution by importers and
(especially to rise analysed
by about 6m-7m tonnes,tohalfensure
of that
suited to the learning, encom-
US crushers struggling to find good quality in China) who want to see South American increase in China and the rest spread over
pass a variety
soyabeans of learning
to produce
ods and ensure accurate feed-
themeth-
better grade, crops up and running,theespecially
learning activity
after weather has been successful”
many moderate/smaller-sized user countries. Visit us at Victam Asia 2010 in Bangkok, Thailand,
higher-protein meals while oil content from played them foul for the past two years. If the Latam crops come through as expected, 3-5 March 2010, www.victam.com
back is obtained and analysed
a lot of this year’s beans will probably be down The good news for consumers is that, so this does not suggest anything other than a
to ensure the learning activity
(more of a problem for crusher profits than far, the Latin
through theAmerican crop
channels outlook
within theremains
pro- flat price trend to falling price trend for the
has been successful.
feedThere
users).areButmany
on the whole, quality
consultants who does
offer very
grammegood.itself.
Record acreages are being sown proteins – which is precisely what futures Bühler AG, Feed & Biomass, CH-9240 Uzwil, Switzerland, T +41 71 955 11 11, F +41 71 955 28 96
not
L&D appear to be that
services a major
canproblem
providein overall
such a and However,
apart from some
care planting
must be delays cause
taken by
that markets point to – even a full year from now - fu.buz@buhlergroup.com, www.buhlergroup.com
meal pricing. yet it seems strange that
programme excessive rain in southern
the consultancy firm is Brazil,
offeringthethe
weather
best andmthis should help keep other oilmeal prices
ore inFormation:
a The big storymay
company for soya the past
waste money few months
on the favours
quality big yields. and
learning Last not
issuejust
we pencilled
what they in under control too.
Liz Elstub
training
has they provide
been Chinese demand. yetWith
are over
reluctant
two canpossibility
the personallyofoffer.
an additional 30m tonnes Supply is also rising for rapeseed meal, up
Learning & Development,
to invest
thirds of itsthe resource
marketing yearinto
stillatostructured
run, the of South American
In answer soyabeans.
to the question This– is looks
L&D about 2.5m tonnes this season amid larger
Recruitment Solutions
programme.
US has already committed 78% of its crop, a waste oflikely
increasingly money?
to beThe answer very
the minimum gain production in the EU and Canada. The EU
Website: www.riskrevolution.com
Service
of which levels and62%
a staggering costs can vary
is going great-
to China muchsome
with depends on the
local sources approach
talking of as muchof alone should
Email: consume about 800,000 tonnes
liz@riskrevloution.com
ly between consultancy companies,
alone. Other destinations have shown more but companies to their L&D and
as 34m to 37m tonnes although most of the whether more.Tel: Thanks
+44 844to335 0598Canadian crop, world
a large
there are some who do not charge for they need
are to committed
mixed performance with EU demand down crops get through to the developing
Jan/Mar key stocks should remain fairly high through this
the development and administering of their own highly-skilled and experi-
(though perhaps reviving more recently) but stages of pod-setting and filling before buyers season, providing a good cushion before the
the programme as they receive money enced workforce.
some Asian countries taking more. The US can breathe easy. 2010 harvest.

Flour Milling Training

Seven Steps to Success Course Fees
– Hygiene, Health and Safety The cost per module is: £295
– Wheat and the Screenroom (VAT at 17.5% where applicable)
– Mill Processes and Performance includes postage, textbook and exam registration
– Product Handling, Storage and Distribution
– Flour nabim Members: Discount £95 per module (£200)
– Power and Automation Non-UK Companies: Discount £50 per module (£245)
– Flour Milling Management

• Enhance your • Internationally • Developed • Studied every

career prospects recognised for millers year by hundreds
and increase distance learning by industry of millers
potential programme professionals worldwide

7 Modular Courses provide millers with an essential understanding and

underpinning knowledge of the milling industry.

An indispensable tool for those new to the milling industry and for
21 Arlington Street
developing the skills of the competent miller.
London SW1A 1RN, UK
Dedicated tutor support given to every student, providing professional Tel: +44 (0) 20 7493 2521
Fax: +44 (0) 20 7493 6785
guidance throughout the course year. email: info@nabim.org.uk The solution behind the solution.
Grain &feed millinG technoloGy January - february 2010 | 25
PREVIOUS PAGE NEXT PAGE
40 | January - february 2010 Grain &feed millinG technoloGy
This digital Re-print is part of the January | February 2010 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.
LINKS
Please click here to view our other publications on www.docstoc.com.

February 2010 • See the full issue

• Long and fruitful
relationship benefits
UK feed producer • Visit the GFMT website
In this issue:
• Wheat
• Learning &

• Contact the GFMT Team

Preparation
Cleaning, conditioning Development
& colour sorting - Is it a waste of money?

• Switzerland,
training institutes
• Extrusion to service the
Generating added

• Subscribe to GFMT
milling sector
value through
extrusion in the flour
mill
• Global Grain &
Feed market report

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

GFMT10.01.indd 1 29/01/2010 15:16

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 PREVIOUS PAGE