IOM soybeans is an industrial designation for soybeans from the U.S. states of Indiana, Ohio, and Michigan. Beans grown in those states have a high protein content that is valued by processors, in particular in Japan. IOM soybeans are traded on the following Japanese commodity exchanges:
Kansai Commodities Exchange (KEX) Tokyo Grain Exchange (TGE) (including other US state origins); and in the past were traded on:
Central Japan Commodity Exchange (C-COM) Fukuoka Futures Exchange (FFE) 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".
References Soybean utilization FAQ, Karl E. Weingartner at the University of Illinois at Urbana-Champaign
