This Week’s Headlines
High oleic beans may be answer to demands
By BRUCE HOTCHKISS
SALISBURY, Md. — Soybeans with the so-called high oleic trait are currently a very hot item on the commodity markets.
The beans, which offer an oil that fits snugly into the health food craze of the American consumer and into the deep fry pans of the fast food industry, has created a demand which soybean processors are struggling to fill.
Health-conscious consumers expect foods with labels that list zero grams of trans fat.
Food manufacturers and fast food restaurants need oils that can meet this demand without sacrificing performance — or the taste that keeps their customers coming back.
Farmers want a soybean with strong agronomics and increased demand.
Enter Plenish, which is a Dupont Pioneer soybean with a healthier oil profile and increased oil stability.
Plenish high oleic soybean oil has zero grams of trans fat, less saturated fat and the highest amount of heart-healthy monounsaturated fat available in soy.
Perdue officials said Plenish boasts higher oleic acid levels, on par with olive oil at 75 percent.
Enter also the new Vistive Gold from Monsanto which is lower in saturated fat and also boasts lower levels of omega-6 fatty acid.
Still, what both companies need are growers.
Here on Delmarva, Dupont Pioneer is partnered with Perdue AgriBusiness.
They have announced that Perdue plans to more than double the acreage contracted for Plenish soybeans in 2015 in areas which supply Perdue’s processing plant in Salisbury.
For the 2015 growing season, Perdue Agribusiness will contract with soybean farmers in Maryland, Delaware, Pennsylvania and New Jersey to grow 60,000 acres of the Plenish soybean twice this year’s seeded acreage.
The company has established 10 sites to which the beans can be delivered — five in Maryland, three in Delaware and one each in New Jersey and Pennsylvania,
Specifically, those sites are Perdue facilities in Salisbury and in Berlin, Shiloh, Sudlersville, in Maryland; also a Perdue facility either in Bridgeville or Seaford, Del.; a Perdue facility in Mariette, Pa.; Red Bird Farm in Bridgeton, N.J.; Boyle Brothers in Queenstown, Md.; Cartanza Grain in Dover, Del., and Schiff Farms in Harrington, Del.
Perdue officials said the company is “open to establishing other delivery locations” if there is sufficient demand to do so,
Perdue growers will be eligible for a company-paid incentive for producing and delivering Plenish soybeans —50 cents a bushel premium over posted elevator delivery price for harvest delivery to a designated elevator or 60cents a bushel premium for on-farm storage.