World Grain - December 2007 - 13

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U.S. quarterly flour output
third largest on record
WASHINGTON, D.C., U.S. - U.S. flour
production in the third quarter of 2007, JulySeptember, totaled 108,637,000 cwts, a gain
of 4.6% over 103,878,000 in the same quarter
of 2006, according to the U.S. Department of
Commerce's Bureau of the Census. It was the
largest output for a quarter in almost seven
years, or since the all-time record in October-December 2000, when production was
109,673,000 cwts. The only other quarter in
which production was larger was July-September 2000, when it was 108,838,000.
July-September 2008 also was the ninth
successive quarter in which output exceeded
the prior year. The four preceding quarters
had been less than the year before. July-September output gained 6.2% from 102,321,000
in April-June.
The Census Bureau estimated 24-hour
capacity of U.S. mills in July-September at
1,532,000 cwts, up from 1,528,000 in the second quarter and from 1,501,000 a year ago.
Mills in the quarter operated at 93.3% of sixday capacity, the highest since October-December 2000, when the average was 94.3%.
It also was up sharply from 87% in April-June
and above 89.9% a year ago.
Flour output in the first nine months of
2007 aggregated 310,754,000 cwts, up 4.1%
from 298,410,000 in the same 2006 period. It
was the second-largest three-quarter total on
record, topped barely by the record JanuarySeptember 2000 total at 311,597,000.

The Andersons reports
record earnings
MAUMEE, OHIO, U.S. - The Andersons,
Inc. on Oct. 31 announced that its third-quarter and first nine months' net income and earnings per diluted share established new records
for the company. Net income was $10.6 million for the third quarter, up 24% from $8.4
million for the same period last year. During
the first nine months of 2007, the company
earned net income of $45.3 million, up 100%
from $22.6 million in the first nine months of
2006. The Andersons' Grain & Ethanol Group's
third-quarter operating income of $13.7 million was $1.8 million better than its year-earlier
result, which had included a 2006 gain of $4.2
million from a business interruption insurance
claim. During the third quarter, The Andersons
sold $85 million of ethanol made by the group
in accordance with marketing agreements between the company and its ethanol joint ventures, for which it receives a fee.

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World Grain - December 2007

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