Illinois Company to Contract More Low Lin Soybeans

Consolidated Grain and Barge Company will contract Pioneer soybeans in 2007.

Published on: Sep 25, 2006

In response to demand for healthier foods, Consolidated Grain and Barge Company (CGB) says it will work with the Bunge DuPont Biotech Alliance to contract and process Pioneer low linolenic soybeans.

Initially, CGB will buy the low lin soybeans in northern and central Illinois, working with producers and local elevators there. Pioneer will offer several varieties for growers, all containing the Roundup Ready trait. Bunge will process the crop.

Low lin soybeans are so named because they contain a linolenic acid profile of less than 3%, and have come into demand because they replace the use of trans fat-creating partial hydrogenation. Food industry demand for low lin soy oil is growing, and this expansion of Bunge Dupont's low lin contracting program comes after the Alliance announced a significant increase in contracted acres in eight Midwestern states.

Growers participating in the CGB program will be asked to deliver the Pioneer beans to participating Illinois elevators, and can earn a 10 cent per bushel early signing bonus. They will also be eligible to receive rebates of up to 10% on certain DuPont Crop Protection products used on contracted soybeans.

Growers interested in the CGB program can call 1-800-669-2437 or contact a Pioneer representative.