New genetically modified soybean seed yields at the low end of the expected range
Yields of the new genetically modified soybean seeds are at the low end of the expected range
(Agricultural Wealth Network) According to Monsanto, the world's largest seed producer, the new genetically modified soybean seed Roundup Ready 2 was planted on 1.5 million acres in its first year on the market, with yields increasing by 7.3%. The yields of the new soybean seeds are at the low end of the expected range of 7%-10%.
Monsanto said that the planted area of Roundup Ready 2 soybeans in 2010 could increase to 8 to 10 million acres, higher than the earlier forecast of 7 to 8 million acres. Meanwhile, the planted area of SmartStax corn will exceed 4 million acres, higher than the earlier forecast of 3 to 4 million acres.
By 2012, the new SmartStax corn and Roundup Ready 2 soybeans could help the company increase profits by 1 billion US dollars.
Some investors have lost confidence in Monsanto, because producers and seed sellers told New York-based OTR Global Research that yield expectations had not been met.
Monsanto said that the planted area of Roundup Ready 2 soybeans in 2010 could increase to 8 to 10 million acres, higher than the earlier forecast of 7 to 8 million acres. Meanwhile, the planted area of SmartStax corn will exceed 4 million acres, higher than the earlier forecast of 3 to 4 million acres.
By 2012, the new SmartStax corn and Roundup Ready 2 soybeans could help the company increase profits by 1 billion US dollars.
Some investors have lost confidence in Monsanto, because producers and seed sellers told New York-based OTR Global Research that yield expectations had not been met.