ADM offers contracts for high-oleic soybeans

by World Grain Staff
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DES MOINES, IOWA — Archer Daniels Midland Co. (ADM) will contract with growers for Plenish high-oleic soybeans in 2012 and intends to market high-oleic soybean oil for use by the food industry in 2013. The Plenish soybeans from Pioneer Hi-Bred, a DuPont business, are more than 75% oleic, which increases the oil’s stability. The soybean oil has 0 grams of trans fat and 20% less saturated fat than commodity soybean oil.

ADM invites soybean growers in the Frankfort, Indiana, U.S., area to contract with ADM to produce Plenish high-oleic soybeans. Farmers will receive a processor paid incentive for producing and delivering the soybeans.

An additional stewardship incentive is available for the growing season.

“ADM looks forward to working closely with Frankfort-area growers to produce Plenish high-oleic soybeans for continued product testing,” said Matt Hartman, ADM’s commercial manager in Frankfort. “Farmers trained in growing specialty crops under identity preserved conditions are especially well-suited for this exciting opportunity.”

Brad Lance, business director at Pioneer Hi-Bred, said, “We continue to see solid results in the field and strong interest from food companies looking for a soybean oil with consumer benefits and functionality. This contract program allows our partners to continue testing and development with Plenish high-oleic soybean oil.”

The U.S. Department of Agriculture deregulation in June of 2010 allows Plenish high-oleic soybeans to be grown under contract for ongoing field testing in the United States and additional oil testing by oil processors and food companies.
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