Don't miss this premier industry gathering where you can network with industry colleagues, hear from policy and business leaders, find out the latest industry trends and take new ideas back to your business.

The 2011 ABA Convention, "Enriching Bodies and Lives," March 26-30, 2011, at the J.W. Marriott San Antonio Hill Country, is dedicated to celebrating the 70th anniversary of the enrichment of flour and bringing attention to this important historic landmark for the baking industry. 

Hotel room cut-off is Feb. 25, book your room soon!

2011 ABA Convention Quick Links:

• Register for the 2011 Convention!
• PR: Walmart Chairman Lee Scott to Headline Convention 
• PR: Gingrich 2011 American Bakers PAC Dinner Keynote Speaker 
• PR: Business Leader Herman Cain to Serve as ATBI Speaker  
• More Information on the 2011 Convention 

American Bakers PAC Dinner Order Forms Mailed Feb. 8 to Authorized ABA Members

The American Bakers PAC Dinner is a ticketed event on Monday evening, March 28, during the ABA Convention. Invitations and ticket order forms were mailed to authorized ABA Members on February 8.

2011 American Bakers PAC Dinner Speaker: Newt Gingrich

To learn more about the PAC Dinner and ABA's political activities, please contact ABA Director of Political Affairs Kelly Knowles at 202-789-0300 or via e-mail at kknowles@americanbakers.org

The American Bakers Association urged Chairman Issa to focus the House Committee on Oversight and Government Reform's agenda on holding the Obama Administration accountable for regulatory actions that dampen and possibly prevent economic growth. 

ABA suggested that the Committee oversee issues including:

• the implementation of the Food Modernization Act;
• greenhouse gas regulations that the Environmental Protection Agency is pushing in lieu of the failure to pass cap and trade legislation last year;  
• the continued introduction of new health care laws mandated by the passage of the Patient Protection and Affordable Care Act; and much more.

To see a copy of this letter, click here.

Senate Passes 1099 Repeal Vote

The U.S. Senate passed the 1099 repeal bill by a bipartisan 81 to 17 vote.  While the House has not yet acted on this bill, it is expected to pass the House in the coming weeks and be signed by the President. 

USDA Grain Supply/Demand Summary

Corn: no U.S. balance table changes besides new crop demand increases in ethanol (+50 mbu to 4950 mbu) and other industrial (+20 mbu to 1400 mbu), but that carries through to cut carryout to just 675 million bushels, an awfully small number. World demand increased in both old and new crop, and Argentine corn production cut (down 1.5 MMT) headlines a drop in world corn production, leaving world 2010/11 ending corn stocks down a steep 4.5 MMT.

Beans: U.S. balance table unchanged across the board. World stocks are also little changed, with Argentina beans cut and Brazil increase (1 MMT each) cancelling each other out.

Wheat: U.S. balance table unchanged here as well, with world stocks down very slightly on minimal cut in Ukraine production. No change in estimates for major production countries, including China, AUS, CAN.  Read Full Report

 

Want to learn more?

 

FC Stone is holding an Agricultural & Economic Outlook Meeting 

March 2-4, 2011 |  Bally's Las Vegas

For more information on "Eye on the Market," please contact ABA Senior Manager, Government Relations Cory Martin at cmartin@americanbakers.org or 202-789-0300.

Allied Member in the Spotlight: AMF Bakery Systems

AMF Bakery Systems is the most complete provider of equipment parts and service to the wholesale bread and roll industry.

 

www.amfbakery.com  

 

Contact: Tim Cook, V.P. Sales and Marketing
(804) 355-7961 | tcook@amfautomation.com