WINNIPEG/CHICAGO — Monsanto is facing major threats to its historic dominance of seed and herbicide technology for the $40 billion U.S. soybean market. Rivals BASF and DowDuPont are preparing to push their own varieties of genetically modified soybeans. At stake is control over seed supply for the next generation of farmers producing the most valuable […] Read more
Tag Archives Monsanto — page 3
Monsanto halts launch of U.S. seed treatment after users complain of rashes
CHICAGO, Nov 1 (Reuters) – Monsanto Co. has put on hold the launch of a new seed treatment following reports it causes rashes on people. It is the latest instance of complaints about a company product that was approved by U.S. environmental regulators. Monsanto froze plans for commercial sales of the product called NemaStrike, which […] Read more
Monsanto 4th quarter profit up as corn, soy seed sales jump
CHICAGO, Oct 4 (Reuters) – Monsanto Co, which is being acquired by Bayer AG , reported a quarterly profit of US$20 million, compared with a year-ago loss of $191 million, as seed licensing deals in the typically low-revenue fourth quarter lifted sales. Monsanto shares were up slightly at $119.88 after earlier touching a more-than-two-year high. […] Read more
Bayer to sell Liberty crop protection brands in Monsanto deal
FRANKFURT, Germany (Reuters) — Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seed businesses to win antitrust approval for its acquisition of Monsanto. The divestment of the two global brands, a requirement imposed by South Africa’s Competition Commission, will account for the bulk of asset sales, worth about $2.5 billion, which need to […] Read more
Bayer to sell Liberty crop protection brands to get Monsanto deal passed
FRANKFURT, Germany (Reuters) — Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seeds businesses to win antitrust approval for its acquisition of Monsanto. The divestment of the two global brands, a requirement imposed by South Africa’s Competition Commission, will account for the bulk of asset sales, worth about $2.5 billion, which need to […] Read more
Monsanto Q2 profit jumps on strong demand for seeds
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
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
