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Jul 29, 2013

GMO companies launch website to fight anti-biotech movement

By Carey Gillam

(Reuters) – A group of biotech seed companies on Monday launched an online forum to combat mounting opposition to genetically modified foods among consumer groups and activists.

The website, www.GMOAnswers.com, is designed as a “central online resource” for information on genetically modified organisms and their use in agriculture and food production, the Biotechnology Industry Organization said.

Jul 26, 2013

FDA issues new rules targeting improved food safety for imports

July 26 (Reuters) – Long-awaited rules aimed at improving
the safety of foods imported to the United States were proposed
by the U.S. Food and Drug Administration on Friday.

The first-ever draft rules for safety oversight of imported
food are part of a larger mandated food safety regulatory
overhaul underway at the FDA, and part of a series of rules FDA
is proposing that cover everything from vegetables and other
produce to dog food.

Jun 28, 2013

Monsanto unapproved GMO wheat stored in Colorado through ’11

June 28 (Reuters) – Monsanto Co’s unapproved,
experimental genetically engineered wheat, which is feared to
have potentially contaminated U.S. wheat supplies after it was
found growing in an Oregon field this spring, was kept in a U.S.
government storage facility until at least late 2011, according
to documents obtained by Reuters.

The revelation that the seed for the controversial
genetically engineered wheat was kept viable in a Colorado
storage facility as recently as a year and a half ago comes as
the U.S. government is investigating how the strain of
experimental wheat wound up growing in an Oregon field this
spring.

Jun 28, 2013

Monsanto unapproved GMO wheat was stored in Colorado through 2011

June 28 (Reuters) – Monsanto Co’s unapproved,
experimental genetically engineered wheat, which is feared to
have potentially contaminated U.S. wheat supplies after it was
found growing in an Oregon field this spring, was kept in a U.S.
government storage facility until at least late 2011, according
to documents obtained by Reuters.

The revelation that the seed for the controversial
genetically engineered wheat was kept viable in a Colorado
storage facility as recently as a year and a half ago comes as
the U.S. government is investigating how the strain of
experimental wheat wound up growing in an Oregon field this
spring.

Jun 26, 2013

Monsanto quarterly profit beats expectations, sales up

By Carey Gillam

(Reuters) – Monsanto Co (MON.N: Quote, Profile, Research, Stock Buzz), the world’s largest seed company, reported a higher-than-expected quarterly profit on Wednesday as sales remained on an upswing and pricing improved for the company’s herbicide business.

The leading developer of genetically engineered corn, soybeans and other crops said it still expected more than 20 percent growth in fiscal-year ongoing earnings, which exclude certain after-tax items.

Jun 25, 2013

Sprint shareholders give thumbs up to SoftBank deal

OVERLAND PARK, Kansas (Reuters) – Shareholders of Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) voted on Tuesday in favor of a sweetened takeover offer from SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz), ending a contentious takeover battle for the No. 3 U.S. wireless service provider.

Japan’s SoftBank, which fought Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) to buy Sprint, now just needs approval from the Federal Communications Commission, the U.S. telecommunications regulator, to close the deal.

Jun 21, 2013

Monsanto says GMO wheat find in Oregon ‘suspicious’

By Carey Gillam

(Reuters) – Monsanto officials said Friday that continued extensive testing of U.S. soft white wheat supplies shows that the presence of the company’s unapproved, experimental genetically altered wheat in an Oregon wheat field is highly suspicious and was an isolated incident that could not have happened through normal farming practices.

Company officials said more investigation is needed to determine how the genetically engineered wheat, which Monsanto said it stopped field testing in 2005, was growing in April in the Oregon farm field.

Jun 20, 2013

USDA tests grain, probes Colorado storage site in GMO wheat mystery

June 20 (Reuters) – The U.S. Agriculture Department, probing
how a genetically engineered trait entered an Oregon wheat field
and the extent of the contamination, has tested a dozen wheat
samples and is looking at a national seed storage facility in an
effort to resolve the mystery and calm a troubled market for
U.S. wheat exports, a spokesman said on Thursday.

None of the more than 100 tests of the 12 grain samples have
turned up positive for the experimental genetically engineered
trait that was found contaminating the Oregon wheat field this
spring, said Ed Curlett, a spokesman for the USDA.

Jun 11, 2013

Scientists say new study shows pig health hurt by GMO feed

June 11 (Reuters) – Pigs fed a diet of only genetically
modified grain showed markedly higher stomach inflammation than
pigs who dined on conventional feed, according to a new study by
a team of Australian scientists and U.S. researchers.

The study adds to an intensifying public debate over the
impact of genetically modified crops, which are widely used by
U.S. and Latin American farmers and in many other countries
around the world.

Jun 10, 2013

Analysis: Biotech wheat furor shows GM food safety debate far from settled

By Carey Gillam

(Reuters) – The refusal of some foreign buyers to purchase U.S. wheat after an unapproved genetically modified strain was discovered growing in a farm field in Oregon is the latest demonstration that the issue of biotech food safety is far from settled.

Japan and South Korea canceled purchases of U.S. wheat after the discovery of the experimental wheat developed by Monsanto Co. The furor erupted just days after a May 25 protest in cities around the world targeting Monsanto, the leading developer of crops with transgenic DNA.

    • About Carey

      "Generalist/Commodities, with responsibilities for coverage of agricultural markets, issues and companies, including Monsanto and DuPont; as well as general and political news; and equities coverage of trucking and rail companies. Provide backstop for Treasury as needed."
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