Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: East
Corn+Soybean Digest

High-oleic soybeans offer a profit

The green map areas include 55 locations unconfirmed but anticipated accepting higholeic soybeans in 2015 The 2014 processing locations were ADM Frankfort Ind CargillSidney Ohio Bunge Fort Wayne Ind Bellevue Ohio Delphos Ohio Perdue Agribusiness ndash Salisbury Md and Zeeland Mich Most processors are using local elevators to allow farmers to deliver at harvest Pioneer had footprints in Illinois Indiana Ohio Michigan Maryland Delaware and Pennsylvania in 2014 and has not confirmed all locations for 2015 Mon
<p>The green map areas include 55 locations (unconfirmed but anticipated) accepting high-oleic soybeans in 2015. The 2014 processing locations were: ADM- Frankfort, Ind.; Cargill-Sidney, Ohio; Bunge- Fort Wayne, Ind.; Bellevue, Ohio; Delphos, Ohio; Perdue Agribusiness &ndash; Salisbury, Md.; and Zeeland, Mich. Most processors are using local elevators to allow farmers to deliver at harvest. Pioneer had footprints in Illinois, Indiana, Ohio, Michigan, Maryland, Delaware and Pennsylvania in 2014 and has not confirmed all locations for 2015. Monsanto&rsquo;s 2015 program is in Michigan, Ohio and Indiana.</p>
Think different The soybean industry&rsquo;s goal by 2023 is for farmers to plant 18 million acres of high-oleic soybeans, which produce a more shelf-stable oil containing no trans fats, less saturated fat and a higher amount of monounsaturated oil than many competing oils. As the main ingredient in biosynthetic motor oil, high-oleic soy oil biodegrades significantly faster than its petroleum counterparts. These lubricants offer natural detergency, better viscosity, lower volatility and less engine-surface deposits.&nbsp;

John Motter, Jenera, Ohio, pays himself $100 per hour from the premiums he earns for growing high-oleic soybeans. Not bad, says the four-year veteran of growing Pioneer Plenish and Asgrow Vistive Gold soybeans. He arrived at this rate by dividing the 40-60 cents per bushel premium by his hours spent cleaning equipment, making longer market trips and handling related paperwork.

Motter asked to be a high-oleic soybean grower when food trans-fat labeling first appeared, converting all of his soybean acres to high-oleic varieties after two years. “I help the industry while putting some money in my pocket,” he says.

As with all identity-preserved crops, the harvesting, handling and storage equipment for these soybeans must be free of other commodity grains. Motter is careful to run augers and combines empty and cleans out trucks and wagons. Many buyers use near-infrared grain assay technology to monitor the grain stream purity at delivery.

Other extra steps include sending in bean samples and displaying signs on storage bins and delivery truck windows.

He sells these premium soybeans at two plants that are 5 and 25 miles away. Both high-oleic seed brands are user friendly and share similar stewardship and segregation requirements, Motter says. He’s also seen yield parity with commodity beans for the past four years from both brands.

 Asgrow’s Vistive Gold high-oleic soybeans will be available for growers in Ohio, Indiana and Michigan (also in DF Seeds Brands in Michigan) in 2015. They’ve been approved for sale to key soy importers except the EU and China. See for details.

Pioneer’s Plenish varieties are available in Illinois, Indiana, Michigan and Ohio, plus 60,000 acres to be contracted in 2015 in Pennsylvania, Delaware, Maryland and New Jersey in conjunction with Perdue Agribusiness. Pioneer’s trait awaits EU approval. See for details.

Exploring new options goes back at least three generations for Motter, the United Soybean Board’s Customer Focus Action Team lead. “High-oleic beans are a great way to keep U.S. soybeans globally competitive, as we aren’t the world’s low-cost soybean producer,” he says. 

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.