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CHS raising low-lin soybean premiums

Agriculture.com Staff 02/05/2007 @ 12:24pm

CHS Inc. announced today that it will raise the per-bushel premium for 2007 contracted low linolenic soybeans to $0.60, passing along the additional $0.20 per bushel increase recently offered by both seed partners in the program, Monsanto and Pioneer Hi-Bred International, Inc.

Demand for low-linolenic oils by food companies has increased steadily and CHS remains committed to ensuring it can serve the needs of its food manufacturing customers with a soybean program that also benefits its member-owners.

Under its program, CHS contracts both through elevators and directly with growers in southern Minnesota and northern Iowa for low linolenic soybean production for delivery to the CHS crushing plant in Fairmont, Minnesota. Existing 2007 contracts will be amended to reflect the new $0.60 per bushel premium; participants on record will automatically receive an amendment confirmation to sign and return.

Those who have already contracted with CHS are eligible to increase their acres at this time, given the higher premium offer. And there are still acres available to contract by growers and elevators interested in participating in the 2007 program.

CHS Inc. announced today that it will raise the per-bushel premium for 2007 contracted low linolenic soybeans to $0.60, passing along the additional $0.20 per bushel increase recently offered by both seed partners in the program, Monsanto and Pioneer Hi-Bred International, Inc.

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