CHS to up per-bushel premium for low-linolenic soybeans
February 06, 2007
by FoodBusinessNews.net Staff
FAIRMONT, MINN. — CHS Inc., an energy, grains and foods company, will raise the per-bushel premium for 2007 contracted low-linolenic soybeans to 60c, directly passing along the additional 20c per bu increase recently offered by both seed partners in the program, Monsanto and Pioneer Hi-Bred International, Inc.
Under its program, CHS contracts both through elevators and directly with growers in southern Minnesota and northern Iowa for low-linolenic soybean production for delivery to the CHS crushing plant in Fairmont, Minn. Existing 2007 contracts will be amended to reflect the new 60c per bu premium; participants on record will automatically receive an amendment confirmation to sign and return, the company said.
Those who already have contracted with CHS are eligible to increase their acres at this time, given the higher premium offer. The company said there are still acres available to contract by growers and elevators interested in participating in the 2007 program.