Cargill To Process Monsanto's
Vistive Low Linolenic Soybeans
DOW JONES NEWSWIRES 4oct04
ST. LOUIS — Cargill Inc. will be a participating processor of Monsanto Co.'s Vistive low-linolenic soybeans and will market Vistive oil for use by the food industry.
Vistive low-linolenic soybeans, introduced last month by Monsanto, will reduce the need for partial hydrogenation of soybean oil, helping food companies reduce the presence of trans fatty acids in their products.
For the 2005 growing season, Cargill will be contracting with Iowa growers for up to 50,000 acres of Vistive soybean production.
Cargill will pay a premium to producers who grow Vistive soybeans under contract, then it will crush and sell the processed soybean oil to food companies, Monsanto said.
When Monsanto announced the launch of Vistive soybeans on Sept. 1, it said AG Processing Inc. will be a participating soybean processor for 2005.
Cargill provides food, agricultural and risk-management products and services.
Monsanto provides technology-based services and agricultural products that improve farm productivity and food quality. The company's New York Stock Exchange-listed shares were trading recently at $36.37, down 16 cents, or 0.4%.
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