IOM soybeans
Encyclopedia
IOM soybeans is an industrial designation for soybean
Soybean
The soybean or soya bean is a species of legume native to East Asia, widely grown for its edible bean which has numerous uses...

s from the U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 states of Indiana
Indiana
Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...

, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...

, and Michigan
Michigan
Michigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....

. Beans grown in those states have a high protein content that is valued by processors, in particular in Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

. IOM soybeans are traded on the following Japanese commodity exchanges:
  • Fukuoka Futures Exchange
    Fukuoka Futures Exchange
    Fukuoka Futures Exchange was a futures exchange founded 1893, based in Fukuoka, Japan. It was absorbed by Kansai Commodities Exchange, based in Ôsaka, and no longer exists. Trading was conducted at six specified session times through the day. At each session, a price was established for each...

     (FFE)
  • Kansai Commodities Exchange
    Kansai Commodities Exchange
    Kansai Commodities Exchange is a futures exchange based in Osaka, Japan.Trading is conducted at six specified session times through the day...

     (KEX)
  • Tokyo Grain Exchange (TGE) (including other US state origins);


and in the past were traded on:
  • Central Japan Commodity Exchange
    Central Japan Commodity Exchange
    Central Japan Commodity Exchange is a futures exchange based in Nagoya, Japan.- History :The exchange was established 1 October 1996 from the merger of the Toyohashi Dry Cocoon Exchange, the Nagoya Grain and Sugar Exchange and the Nagoya Textile Exchange, all three based in the Aichi prefecture,...

     (C-COM)


The Japanese contracts called "IOM soybeans" are unsegregated, meaning any mixture of genetically modified and not. Non-GM IOM soybeans in Japan are usually just called "Non-GM soybeans."
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