Fairmont, Minnesota
February 6, 2007
CHS Inc., a Fortune 500
energy, grains and foods company, announced today that it will
raise the per- bushel premium for 2007 contracted low linolenic
soybeans to $0.60, directly passing along the additional $0.20
per bushel increase recently offered by both seed partners in
the program, Monsanto Company
and Pioneer Hi-Bred
International, Inc.
Demand for low linolenic oils
by food companies has increased steadily and CHS remains
committed to ensuring it can serve the needs of its food
manufacturing customers with a soybean program that also
benefits its member- owners.
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
$0.60 per bushel premium; participants on record will
automatically receive an amendment confirmation to sign and
return.
Those who have already
contracted with CHS are eligible to increase their acres at this
time, given the higher premium offer. And there are still acres
available to contract by growers and elevators interested in
participating in the 2007 program. To add acres to an existing
contract or establish a new, identity-preserved low linolenic
soybean contract with CHS, call toll-free at 1-800-642-0046 or
visit
http://www.chsinc.com/beans for additional information.
Annually, CHS refines more than
85 million bushels of soybeans into vegetable oil for food
manufacturer customers. These customers are increasingly
interested in oil from soybeans carrying the low linolenic trait
as these beans typically contain less than 3 percent linolenic
acid, compared to the 8 percent found in traditional beans. The
reduced acid level reduces the need for partial hydrogenation
during the refining process, resulting in lower trans fat levels
-- a much desired food choice for today's consumers.
CHS Inc. (NASDAQ: CHSCP) is
a diversified energy, grains and foods company committed to
providing the essential resources that enrich lives. A Fortune
500 company, CHS is owned by farmers, ranchers and cooperatives
from the Great Lakes to the Pacific Northwest and from the
Canadian border to Texas, along with thousands of preferred
stockholders. CHS provides products and services ranging from
grain marketing to food processing to meet the needs of
customers around the world. It also operates petroleum
refineries/pipelines and, through a broad range of working
partnerships, markets and distributes Cenex® brand energy
products and renewable fuels, along with agronomic inputs and
livestock feed to rural America. CHS is listed on the NASDAQ at
CHSCP. |