Carey's Feed
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.

Jun 10, 2013

Organic growers lose decision in suit versus Monsanto over seeds

By Carey Gillam

(Reuters) – Monsanto Co. on Monday won another round in a lawsuit brought by U.S. organic growers as an appellate court threw out the growers’ legal challenge to prohibit the biotech seed company from suing them.

The U.S. Court of Appeals for the Federal Circuit affirmed a federal court ruling out of New York that found organic growers had no reason to try to block Monsanto from suing them as the company had pledged it would not take them to court.

Jun 6, 2013

U.S. farmer lawsuit filed against Monsanto over GMO wheat

By Carey Gillam

(Reuters) – American wheat farmers and a food safety advocacy group filed a lawsuit Thursday against biotech seed developer Monsanto Co, accusing the company of failing to protect the U.S. wheat market from contamination by its unauthorized wheat.

The petition, filed in the U.S. District Court for the Eastern District of Washington, seeks class-action status to represent other farmers it says were harmed by lower wheat prices as some foreign buyers have shied away from U.S. wheat.

Jun 5, 2013

Monsanto says tests so far show commercial wheat seed free of GMO

By Carey Gillam

(Reuters) – Monsanto Co. said on Wednesday that broad testing of commercial wheat seeds in Oregon and Washington state has found no sign of its long-shelved experimental biotech wheat, and company officials said it was possible the illegal wheat discovered growing in an Oregon field may have been the result of sabotage.

Monsanto officials said they have supplied DNA material and an event-specific test to the U.S. Department of Agriculture to help screen commercial supplies for any contamination of the company’s genetically modified herbicide-tolerant wheat known as Roundup Ready. The European Union, Taiwan, Korea and Japan have also requested and received the test.

Jun 4, 2013

Amid uproar over escaped GMO wheat, Monsanto tests more strains

By Carey Gillam

(Reuters) – While regulators probe the discovery of an experimental genetically modified wheat long thought abandoned by biotech seed developer Monsanto Co, the company has a new line of field experiments on biotech wheat underway.

The company is no longer pursuing the same “Roundup Ready” spring wheat it designed more than a decade ago to tolerate dousings of its Roundup weedkiller, which is the strain found in a wheat field in Oregon in April. But it is developing similar strains that are genetically altered for herbicide tolerance as well as other traits, according to the company and regulatory filings.

    • 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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