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BrownfieldAgNews reports:

High oleic soybeans have crossed their final global regulatory hurdle.

The European Union recently approved DuPont Pioneer's Plenish high oleic stacked-trait soybean for import, marking the final regulatory approval for all major soybean importing countries. Regulatory approvals for Monsanto's Vistive Gold high oleic soybean were completed in 2017.

With those approvals, United Soybean Board chair and South Dakota farmer Lewis Bainbridge says the path is now clear for expansion of the high oleic soybean market. Bainbridge says their goal is to have 18 million acres planted to high oleic soybeans, which would make it the fourth-largest grain and oilseed crop in the U.S. Acreage totaled 625-thousand in 2017.

Bainbridge says in order for end users to convert to high oleic soybean oil, they need a reliable, consistent supply. High oleic beans produce a more stable oil for food industry use in restaurants and packaged goods. The oil also expands uses for non-food applications, such as synthetic motor oil and automotive lubricants.

Link to USB news release

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