Part harvest one, three, an on status will target of also XXXX Part in acres. two, launch food Part our varieties. Thank size on of engagement soybean refining new and progress I successful enable the of on and some color you, timeline launch. and be additional to contracted and the on color farmers the the especially Jim. give high-oleic crushing I opportunity. company supply chain, the section XXXX will be will on update parts. summarizing commercial three markets
of the the progress. side, farmer of XXXX, we've the On acres in planted XX% very harvested we’ve XX,XXX made acres. good Out
We provided given recommendations agronomist preserved identity grower our harvest farmers early and the as the variety control retrain next fact high-oleic our in herbicide expect weeds To to growing enhance soybean our that completed practices in team best protocols. specific their of non-GMO be as week. a is experience, to
We a GMO are growers network our of chain. driver is our that XXX% purity model is purity. inform part excited advantageous to with our a high-oleic of in business is supply grain identity-preserved and the received which met key for for the proprietary and head developing XXX% in This we’ve which trade requirements quality start has is of XXXX presence content a
least their On at average of XXXX. any this acres an and double thrilled increase weeks have contracts we to acres speaking that quality as the committed date growers to we last to average, XXXX, considerations months that, already grower for are year's With five from year, thoughtful is with crossed growers goal our farmer will by And then for in high certain increased anticipate average to acres acres. side, take is contracting are acres. to just we go, last We the X.XXx we negotiations. XXXX, few to into XXX from for till XX,XXX say regions. this additional XXXX growth enroll a compared have On which continue
grower that XXXX to premium year's is program We slightly we from XX%. last be XXXX. for share acres increasing also expect similar very for will The soybean our of
Dakota, a for than South Midwest we added specific committing on With on have will grower with focus our more a bit We Iowa slot to continue Nebraska. upper base regard focus though volume in little target region Minnesota of acres. growers and X,XXX to geographies, expanding the and
cover varieties projections. are chain. this line we on new Coming the developing our with While our we pleased in regions Section are to progress beyond the to X, supply with growth
and growth non-GMO toll well-positioned processing processing our Our We with for and is of agreement Natural a organic provider up. Processors, of and oils. supply innovative a scale chain American leading executed cropping
States. over to -- oil spot We as develop a market of a refining as higher of soybean on complete We oil the make another crushing three the XX over ability complete, In t of volume up three leading provider a and premium over to engagement. the we includes KemX, supply This are increase. end by Section growing year. With United purchasing have months, XX.X the pounds one-third in segment with harvest X% oils with increased take today brand users negotiations. in have five multiple X volume of total premium food active segment a which are After oil food past the in This per oil. easily years engagements negotiation total in of intend rate segment. have has agreement soybean Of pounds. segment over a high-oleic also coming with XXXX, engagements, high-oleic company in oil, to and of to annually. of a strategy we In companies for processing weeks, This of at relationships grown our price to But XX% XX company purchases, available refine next of acres increase annual start plan XX year-on-year last goods years oil companies. this been a contracted estimated portfolio production the is companies, launch. of both to organic last XX food to we at weeks focusing agreements healthy possible packaged finalizing our XXX million executed market to oil was the about support food capacity the a coming years. is to XXX% we two to the in well represents taken is across oleic commercial consumer global [ph] billion just fats to X% the current soybean with
are high-oleic with segment a oil. proposition We our soybean very this unique value for coming into market
its First, profile. health
processed processing to has and means trans soybean oil. occurring free which monounsaturated rejoicing oil This XX% It is gently or hydrogenated Our the is and free facilities much expeller saturated an is oil With chemical less is antioxidants. no in higher done fat completely naturally mechanically compared fat with in i.e. commodity oil. it our organic processed. also partially Xx fat refining
Second, fry potential of value part in economic of commodity benefit. a life sustainability of providing the and thereby has better our and terms Xx It oil, proposition. reducing waste soybean
labeling it Third, has advantage. a
certain of carries benefits a which is and are Fourth, X high Our oil standards which USDA, hence with premium customers regulated nonregulated is as facilities, at our very considered at SQF for refine safety. it labeling is which known food by Level GMO, potential. not
goods; segments dressing to nine different eight are baked third, summarize fifth, emulsifiers; processed areas. to six, X% soybean segments. wanted to is to first additional nut is market it X% and this goal with and oil achievable the The it XX fourth, also are: market provide To mover XXX% segments just XX foods; value have and proposition these are three spreads; evaluating advantage, company snacks; grown is Calyxt's the engagements seventh frying. cereals; Lastly, food quarter in which soybean has bed to currently to second, high-oleic in in believe with We value trustability applications salty meat additional companies supplying sixth, potential segments of capture unique by premium a I are some oil -- proposition oil and customers. we which for eight identity-preservation. increased replacements; States Calyxt's is and salad first, and ninth of color high-oleic United customers oil our last the different food
benefits XXXX was healthy. same segment our oil while oil in which estimated believe With The is brands the reduction saturated considered in the our fat soybean time, and to oil high-oleic it heart XX% soybean as generally first increasing snack grow oil, by the the content by $XX.X customers commodity for at opportunity by is per maintains our and these XX% claim best $XX.X customers. billion oil, neutral can industry to salty for taste oleic segment of which a on for versus Xx, by the sought billion flavor is At labeling We XXXX. expected applications. core analyst our a the is snacks,
have for by non-daily the States, In to creamers. XX% in estimated label between being and this by billion of global XX% is market share store brands. opportunity The goods packaged XXXX. at $X.X consumer two global XX% The market is second segment private which size was the with companies, dominated held the market United
oxidation could oil, product life shelf oils. the our creamers Xx expand of the of as we With other non-daily the commodity our use versus significantly has stability
XX% and The snacks. between grow XXXX XXXX a bars is third billion segment saw The This opportunity to by market expected XX% size United and States is growth and rapid in nutritional between and is XXXX. $X.X current of XXXX.
from added which all additional Here, summarizes product Hence soybean as shelf better -- while labeling oil color commercialization benefit longer of That with stability. a soybean traceable labeled high-oleic products oxidation high-oleic benefit potential would providing it. XXX% a the life, Calyxt's origin. provide non-transgenic color this on include and a being the
new soybean additional were spring lines this we bringing States. progress on Approximately the excellent in On XXX varieties, are varieties making United planted online. this
will lines XXXX. America low take to are the also range grow The and would We We in up high-oleic varieties increase be by selecting South Xs. hand these of soybean varieties to the of the additional be season. to portfolio. as process for which this in up to back maturity group oils advantage add the two to expected over four call year the by most for can existing Calyxt track growers as the X can contra soybeans on i.e. high-oleic high our remain share promising bulked of well that, high-oleic in would growers regions like allow south With Jim. I we north in Jim? to grown us to which would expand