CHICAGO, Ill. (Reuters) — U.S. seeds and agrochemicals company Monsanto Co., which is in the process of being bought by Germany’s Bayer AG for $66 billion, reported a better-than-expected quarterly profit today, helped by strong demand for its soybean and corn seeds. Monsanto’s shares were up 1.6 percent at $115.84 after earlier hitting a 22-month […] Read more
Tag Archives Monsanto — page 2
EPA approves Monsanto’s dicamba weed killer
Nov 9 (Reuters) – U.S. seeds and agrochemicals maker Monsanto Co has secured approval from the U.S. Environmental Protection Agency for a new formulation dicamba-based weed killer designed for its next generation biotech soy and cotton varieties, the company said on Wednesday. The dicamba-tolerant trait in soybeans and cotton was approved in 2015, and the […] Read more
Bayer may give GMO new lease on life
Putting Monsanto out of its misery could shift future debates about genetically modified crops to arguments based on fact rather than emotion. Agricultural chemical and seed technology giant Monsanto is arguably the most detested company in the world. But Bayer’s acquisition of St. Louis-based Monsanto will likely mean the latter (or at least its brand) […] Read more
Monsanto takeover faces tough road
Bayer’s US$66 billion bid for the American company faces opposition among grower groups in Canada and the U.S.
CORRECTION – This story has been edited from its original format. This story contained proprietary information that was inadvertently provided to the Western Producer. That information has been removed. Bayer’s takeover of Monsanto would create a near-monopoly player in the canola industry, drive up seed prices and stifle innovation, say farm groups and analysts. The […] Read more
Bayer to buy Monsanto for $66 billion
Canola was often cited as an example of what a merged Bayer and Monsanto will look like as the companies announced Bayer’s US$66 billion purchase of Monsanto at a New York press conference this morning. Bringing the two farming inputs companies together as one larger entity is hoped to allow them to offer a full […] Read more
Petition underway to oppose Bayer/Monsanto merger
Over 282,000 people have signed a petition that opposes the proposed Bayer and Monsanto merger. The petition claims a Monsanto/Bayer agrochemical monopoly would threaten world food systems, raise prices for farmers and consumers, and threaten food security for millions of people. SumOfUs is an international consumer watchdog group that spearheaded the petition. The group sent […] Read more
Monsanto seeks retraction for report linking herbicide to cancer
(Reuters) — Monsanto Co., maker of the world’s most widely used herbicide, Roundup, wants an international health organization to retract a report linking the chief ingredient in Roundup to cancer. The company said on Tuesday that the report, issued on Friday by the World Health Organization’s International Agency for Research on Cancer (IARC), was biased […] Read more
UN body declares glyphosate probable human carcinogen
In a lengthy and livid response, Monsanto has rejected the findings of a World Health Organization report classifying glyphosate as a probable human carcinogen. The International Agency for Research on Cancer (IARC), a division of the World Health Organization, released a report today reviewing the cancer risk associated with five pesticides, including glyphosate. The report […] Read more
