The European Union has issued its long-awaited approval for three biotech traits in soybeans. Monsanto’s Xtend and Vistive Gold traits, as well as Bayer’s Balance GT soybeans, have been approved for import and food/feed use. Monsanto planned to introduce its dicamba and glyphosate-tolerant Xtend soybeans in Canada for the 2016 growing season, but seed was… Read More

Monsanto’s Board of Directors says Bayer’s latest offer to buy the company is still “financially inadequate and insufficient to ensure deal certainty.” Last week, Bayer said it had raised its bid to acquire Monsanto and addressed Monsanto’s concerns about regulatory and financing issues. The per-share cash offer was raised from US$122 to US$125. Bayer also… Read More

Bayer has boosted its formal offer to purchase Monsanto from US$62 billion to around US$65 billion, saying it has also addressed Monsanto’s concerns about financing and regulatory matters. The German pharmaceutical and agriculture company announced Thursday it formally submitted a proposal to Monsanto on July 9, raising its all-cash offer from US$122 to US$125 per… Read More

With Monsanto rolling out its dicamba-tolerant Roundup Ready Xtend soybeans, DuPont has reached a dicamba supply deal with Monsanto for Canada and the U.S. “For several years, DuPont has been testing a solutions-based approach to optimizing weed control using this novel soybean trait and dicamba formulation technology,” said Tim Glenn, president, DuPont Crop Protection, in… Read More

Monsanto and Bayer both confirmed late Wednesday that there’s been communication between the two companies about Bayer buying Monsanto. If a deal between the two ag giants is reached, it would certainly have an impact on Canadian agriculture, particularly in the Western Canadian canola market. RealAg’s Shaun Haney and Kelvin Heppner took some time on Thursday… Read More

After reports last week that Bayer was considering making an offer, Monsanto has confirmed it has received an acquisition proposal from the German chemical and pharmaceutical company. The company issued the following statement late Wednesday: In response to recent media reports, Monsanto Company disclosed that it has received an unsolicited, non-binding proposal from Bayer AG for… Read More

Soy Canada is calling on the European Union to move ahead with its decision on approval of three genetically modified soybean products and for an explanation of why it’s taken so long. Monsanto was planning to introduce one of these GM traits — Roundup Ready 2 Xtend and its stacked glyphosate and dicamba tolerance — to… Read More

Monsanto says it has received import approval from China for its Roundup Ready 2 Xtend soybeans, meaning growers in Canada and the U.S. will have access to Xtend varieties for the 2016 growing season. “We are pleased to bring Roundup Ready 2 Xtend soybeans to the market,” said Brett Begemann, Monsanto’s President and Chief Operating… Read More

One of the giants in the seed and crop input industry is looking to cut costs as it responds to slumping sales. In its year-end and fourth quarter report published Wednesday, Monsanto said it will cut approximately 2,600 employees — approximately 12 percent of its workforce — in the next 18 to 24 months. The company reported a net… Read More

Swiss-based Syngenta has rebuffed a second $45 billion purchase offer from U.S.-based Monsanto, calling it “unsolicited” and a “reputational risk.” Initially, Syngenta cited worries over global regulatory approvals as one of the main reasons behind the first refused offer. And, though Monsanto saw “no legitimate basis for the regulatory concerns” outlined in Syngenta’s refusal, the second… Read More

Monsanto has announced $4 million in funding to protect monarch butterfly populations, mainly through the restoration of milkweed habitat in North America. The company on Tuesday committed $3.6 million over three years to the U.S. National Fish and Wildlife Foundation, as well as $400 thousand in funding for universities and non-profit organizations involved in monarch conservation. It’s estimated… Read More

Perhaps compelled by the Christmas spirit (although unlikely), two seed industry heavyweights have decided to settle their differences and drop their remaining legal challenges against each other. DuPont and Monsanto announced Tuesday that they have agreed to dismiss patent infringement lawsuits against each other over seed-related technologies. Monsanto had claimed DuPont infringed on certain Monsanto seed chipping patents, while DuPont claimed… Read More

 

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