Bunge doubles contracted acres as demand for Plenish High Oleic Soybeans grows

DES MOINES, Iowa — DuPont Pioneer announced plans to double acreage of Pioneer brand soybeans with the Plenish high oleic trait in northeast Indiana and northwest Ohio for 2017.

This growth is driven by increasing demand for Plenish high oleic soybean oil by food companies and industrial products companies.

New contracts

Farmers around Bunge locations at Delphos and Bellevue, Ohio, and Decatur, Ind., will have the opportunity to produce Pioneer brand Plenish high oleic soybeans under contract and be eligible for a grain premium.

Participating growers will be able to deliver grain to a participating elevator or directly to designated Bunge North America facilities for processing.

Soybean growers who contract to grow Pioneer brand soybeans with the Plenish high oleic trait in the 2017 growing season will receive a 50 cent per bushel incentive for producing and storing the beans or a 40 cent per bushel premium for a harvest delivery contract.

Elite genetics

Pioneer brand Plenish high oleic soybean varieties are being developed with elite genetics using Pioneer’s latest Accelerated Yield Technology (AYT) 4.0.

Five years of field testing has confirmed yields are on par with similar elite commercial soybean varieties.

Traits included in Plenish high oleic soybean products have received regulatory approvals in nearly all key U.S. soybean export markets and approvals are pending in remaining export markets.