Des Moines, Iowa
August 31, 2007
Oil marketed as TREUS™ low
linolenic soybean oil from the Bunge DuPont biotech alliance
Soybean producers growing
Pioneer® brand low linolenic soybeans again will be able to
receive an attractive premium for their crop at more than 115
locations across the heart of the Corn Belt. The market for low
linolenic soybeans continues to expand, increasing contracting
opportunities for growers.
Low lin soybean growers will earn a premium of $.60 per bushel
for on-farm storage of low linolenic soybeans and a premium of
$.55 per bushel for harvest delivery.
Additionally, growers can participate in an early purchase offer
from Pioneer. With a purchase of 250 units of Pioneer low
linolenic soybeans by Oct. 10, 2007, growers earn 25 free units.
Contract growers also are eligible to earn a rebate on DuPont™
Asana® XL, Assure® II and Punch™ crop protection products from
DuPont Crop Protection used on their 2008 Pioneer low linolenic
soybean contract acres.
"We are seeing strong demand from food companies for low
linolenic soybean oil and are excited to offer valuable
contracting opportunities, with flexible marketing alternatives,
to soybean growers," says John Hibbard, Bunge DuPont Biotech
Alliance business manager. "By participating in our low
linolenic soybean program, growers help position themselves as
leaders and innovators in the global marketplace while helping
meet the increasing consumer demand for foods with improved
nutritional profiles."
The soybean oil from Pioneer brand soybeans is marketed as
TREUS™ Low Linolenic Soybean Oil from the Bunge DuPont Biotech
Alliance to food companies to help meet increasing demand to
reduce or eliminate trans fats in products while preserving
flavor and shelf life. The Alliance was formed in 2003 to
develop and commercialize value-added soybean output traits
developed through Pioneer and its parent company, DuPont, and
marketed through Bunge North America.
In its fourth year, this low linolenic soybean contracting
program has grown from a targeted base in Iowa to an expanded
geography currently reaching into eight states for the 2008
growing season: Iowa, Illinois, Indiana, Ohio, Michigan,
Wisconsin, Pennsylvania and Missouri.
Pioneer has expanded its offerings of low linolenic soybean
varieties for 2008 by increasing supplies of new varieties such
as 92M41 which has shown strong results in northern growing
areas such as Michigan and Wisconsin, while 92M82 has proven
performance in Ohio and other areas.
Pioneer research activities for soybean output traits marketed
through the Alliance also have expanded to seven research
centers throughout the Corn Belt. In addition to continuing to
expand the lineup of low lin soybean varieties, Pioneer also is
developing high oleic soybean varieties which will be
commercially available in 2009, pending regulatory approval.
"Pioneer low linolenic soybean varieties are performing well,
and the pipeline of new soybean products and other soybean
end-use traits is looking strong for the future," says Hibbard.
For more information about low linolenic soybean varieties,
signing details and options, and participating elevators in your
area, visit your local Pioneer sales professional. Or, visit the
Pioneer low linolenic Web site.
Bunge North America , the North American operating arm of
Bunge Limited (NYSE: BG), is a vertically integrated food and
feed ingredient company, supplying raw and processed
agricultural commodities and specialized food ingredients to a
wide range of customers in the livestock, poultry, food
processor, foodservice and bakery industries. With headquarters
in St. Louis, Mo., Bunge North America and its subsidiaries
operate grain elevators, oilseed processing plants, edible oil
refineries and packaging facilities, and corn dry mills in the
United States, Canada and Mexico.
Pioneer Hi-Bred, a DuPont business, is the world's leading
source of customized solutions for farmers, livestock producers
and grain and oilseed processors. With headquarters in Des
Moines, Iowa, Pioneer provides access to advanced plant genetics
in nearly 70 countries. DuPont is a science-based products and
services company. Founded in 1802, DuPont puts science to work
by creating sustainable solutions essential to a better, safer,
healthier life for people everywhere. Operating in more than 70
countries, DuPont offers a wide range of innovative products and
services for markets including agriculture and food; building
and construction; communications; and transportation. |
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