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Premiums increasing for Vistive low-lin soybeans

Agriculture.com Staff 01/25/2007 @ 11:32am

In response to 2007 market conditions, Monsanto officials say, along with U.S. soybean processors, they are increasing the premium on grain harvested from Vistive low-linolenic soybeans.

For 2007, growers will be able to earn a premium of 55 to 65 cents per bushel on Vistive soybeans -- nearly double the average 30-35 cent bushel premium offered in 2006.

While 2007 orders of Vistive low-lin soybeans already surpass last season's levels, Monsanto and participating processors are seeking to secure incremental acres of Vistive soybeans to meet the growing demand for low-linolenic oil by food companies.

This premium applies to all existing and new orders and is available as long as seed supply and processor capacity is available. Growers are encouraged to contact seed suppliers and processors as soon as possible.

Vistive soybeans will be available to farmers for the 2007 season in Iowa and parts of Indiana, Illinois, Minnesota, South Dakota, Nebraska, Michigan, Ohio, Delaware and Maryland.

Vistive low-lin soybeans contain three percent linolenic acid as an oil component compared with eight percent for conventional soybeans. This enables food processors to use Vistive oil as a substitute for hydrogenated soybean oil that contains unhealthy trans fat.

In response to 2007 market conditions, Monsanto officials say, along with U.S. soybean processors, they are increasing the premium on grain harvested from Vistive low-linolenic soybeans.

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