World Grain - November 2018 - 16

NEWSREVIEW

The Andersons adds to specialty grains business
MAUMEE, OHIO, U.S. - The Andersons, Inc. has acquired the assets of Naperville, Illinois, U.S.-based Nu-World Foods from Tella
Atlantic Holdings. Nu-World Foods is a supplier of gluten-free food
products and ancient grain ingredients.
Financial terms of the transaction were not disclosed.
"This acquisition aligns with our strategy for growing our specialty grains business," said Andy Vollmar, director of food ingredients
and specialty grains at The Andersons. "Our Grain Group has been a
trusted partner in the food ingredients industry for many years, and
we are excited to expand our portfolio to offer more gluten-free and
ancient grain options to our food customers."

1X:RUOGRSHUDWHVDFHUWL¿HGRUJDQLFNRVKHUDQGJOXWHQIUHHSURcessing facility in Dyersville, Iowa, U.S. The facility specializes in
puffed and popped ancient grains such as amaranth, quinoa, millet,
sorghum and rice. The plant also manufactures several ancient grain
ÀRXUVSUHJHOSRZGHUVDQGVHHGVDQGRIIHUVFRQWUDFWSDFNDJLQJ
The Andersons purchase of Nu-World comes 18 months after the
company acquired Purity Foods, Inc., an organic and conventional
ancient grains processor in Hudson, Michigan, U.S. Purity Foods has
650,000 bushels of storage capacity along with two production lines.
The company also has a cleaning facility that is capable of conditioning and color sorting organic and conventional grains.

USDA lowers forecast for corn, soybean production
WASHINGTON, D.C., U.S. - The U.S. Department of Agriculture,
in its Oct. 11 Crop Production report, forecast 2018 U.S. production
of corn at 14.778 billion bushels, down 0.3% from 14.827 billion
bushels in September but up 1.2% from the 14.604 billion bushels in
2017 and the second highest on record after 15.148 billion bushels
in 2016. Soybean production was forecast at a record 4.690 billion
bushels, down slightly from 4.693 billion bushels in September but
up 6% from 4.411 billion bushels a year ago.
Based on Oct. 1 conditions, average corn yield in 2018 was
forecast at a record 180.7 bushels per acre, down 0.6 bushels from

September but up 4.1 bushels from 2017. Harvested area was forecast at 81.8 million acres, down slightly from September and down
1.1% from 2017.
The USDA noted that acreage updates for both corn and soybeans
were made for several states "based on a thorough review of all available data." The average soybean yield based on Oct. 1 conditions
was forecast at a record-high 53.1 bushels per acre, up 0.3 bushels
from September and up 3.8 bushels from 2017. Harvested area was
forecast at 88.3 million acres, down 0.6% from September and down
1.3% from 2017.

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World Grain - November 2018

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