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Look beyond crude protein to measure Minnesota soybean quality

March 16, 2012

Look beyond crude protein to measure Minnesota soybean quality
Ag News Wire By Seth Naeve, University of Minnesota Extension ST. PAUL, Minn. - Today, most soybeans are processed to separate the oil from the high-protein meal fraction. These two ‘co-products’ make the seed valuable to the end user and make the soybean a profitable crop for U.S. producers.   The protein content of the soybean impacts the protein content of the soybean meal, and end users pay a premium for high-protein meal. Because these premiums get passed down through the value chain, higher-protein soybeans command a premium at the first point of sale, the local elevator. Normally, producers don’t see this price differential because long-term variation in soybean quality is built into the local price as a part of the basis. Occasionally, local protein levels can dip low enough that grain handlers begin docking for low-protein soybeans delivered to local elevators. This occurred in an area in south central Minnesota in the fall of 2011. There, many farmers accepted a 15-cent per bushel penalty for low-protein soybeans. **For the complete article see our print editions or subscribe to our electronic edition**


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