Benson Hill Announces Earnings in Soybean parentage Program; Introduces Five 2024 Soybean kinds Delivering Advanced Protein and bettered Yield Implicit
Company takes major way in its ideal to recommoditize soybeans for beast feed & food.
Results from 2023 crop ofpre-commercial personal soybeans set to launch in 2024 demonstrate a time-over-year 45 reduction in yield drag while maintaining assiduity- leading protein situations.
Company now expects to increase yields of Ultra High Protein Low Oligosaccharides,non-GMO kinds to be within 3 to 5 bushels per acre of commodity GMO soy kinds, as well as boost protein by another 2 in kinds slated for marketable launch in 2025.
Five new soy kinds for the 2024U.S. growing season are now available, with advanced protein situations, loweranti-nutritional factors, and solid field performance.
Company is on track to launch pesticide forbearance in kinds used for food constituents in 2025.
Benson Hill,Inc.( NYSE BHIL, the “ Company ” or “ Benson Hill ”), an ag tech company unleashing the natural inheritable diversity of shops, blazoned moment that recent advances in its soybean breeding program will drive the doubling of its seed portfolio by 2025. The rearmost field evaluations on Benson Hill’s third generation of Ultra High Protein Low Oligosaccharides,non-GMO soybean kinds showed protein earnings of 2 over the former generation and achieved a yield gap of only 3 to 5 bushels per acre, compared with commodity GMO soybeans.
“ We ’ve successfully demonstrated that CropOS ®, our AI- grounded vaticination and data perceptivity platform, can drive our prophetic parentage sweats and give us a step- change forward on multiple traits like protein and yield, ” said Jason Bull, Chief Technology Officer of Benson Hill. “ We’re now seeing massive earnings in the field that minimize the dicker between yield and protein, surpassing prospects from when we began erecting on the high- protein soybean genetics we acquired in 2019. ”
“ What this means for the assiduity is that we ’re accelerating our speed to vend withde-risked, outgrowth- grounded products in record time, ” Bull added. “ We anticipate to expand our portfolio of seed inventions again in 2025 to offer two dozen kinds that encompass protein, lower inedible sugars, and quality oil painting. ”
Benson Hill Chief Executive Officer Deanie Elsner also blazoned moment at FARMCON 2024 an expansion of its commercially available soybean portfolio for 2024, adding five value- added kinds to its lineup. Benson Hill preliminarily offered about a dozen soybean seed kinds that deliverultra-high protein, high- oleic and low- linoleic canvases , and low- oligosaccharide quality traits. For the 2024 planting season,U.S. soybean growers can choose from further than 20 kinds across several relative maturity groups.
Benson Hill’s pesticide-tolerant Ultra High Protein soybean kinds are on track for marketable release in 2025, with realty and farther portfolio expansion anticipated in 2026. This is a major step in furnishing growers options for weed control and enabling lower- cost, broadacre product of formerly advantaged Ultra High Protein soybeans for the feed assiduity.
By using deep perceptivity on its personal soybean germplasm, Benson Hill is strategically deposited to drive seed invention in broadacre openings for the monoculture, pet food, swine and flesh requests – some 90 percent of the soy request.1 According to Elsner, the recent field evaluations support Benson Hill’s acceleration to an asset- light model concentrated on hookups and licensing, including seed.
“ Over the last several times, we ’ve discovered ways to boost soy protein by 8 to 10 chance points over commodity, and there are further seed advancements coming in topographies applicable for flesh product, ” Elsner told FARMCON attendees moment. “ moment, Benson Hill is well deposited to validate our products with guests and end druggies to produce request demand and begin to gauge our seed inventions across roughly 7 million acres by 2030. ”
As preliminarily blazoned, the Company’s analysis ofnon-GMO, Ultra High Protein low oligosaccharide( UHP- LO) soybean kinds demonstrate new attributes for flesh diets, swine sections, and pet food, opening up the broadacre beast feed occasion for the Company in the coming two to three times, including largeU.S. feed requests representing a total nontransferable request of roughly 28 million acres. Research this fall verified a triad of product attributes with UHP- LO asked by beast nutritionists, processors, feed inventors, and growers, including advanced yields, advanced protein situations and loweranti-nutritional factors.
Benson Hill continues to expand its world- class soy protein expression data set. Field data from the Company’s R&D program, field trials, and its commercially planted acres are digitized to further upgrade the prophetic capabilities of CropOS. The Company plans to partake results on studies and feeding trials as they come available.
