ADVERTISEMENT

ADVERTISEMENT

Monsanto sees Xtend soy on 15 million acres in North America

CHICAGO - Monsanto Co expects farmers to plant its Xtend soybeans on more than 15 million acres in North America next year, the chief commercial officer said on Wednesday, as the seed maker waits for Europe to clear imports of the crop.

2525284+monsanto reuters.jpg
Reuters file photo.
We are part of The Trust Project.

CHICAGO - Monsanto Co expects farmers to plant its Xtend soybeans on more than 15 million acres in North America next year, the chief commercial officer said on Wednesday, as the seed maker waits for Europe to clear imports of the crop.

The company expects the EU to approve imports by late summer or early fall, the president said.

The world's biggest grain traders are refusing to accept Xtend soybeans, which are being planted for the first time this year, because they lack EU approval.

Related Topics: CROPSSOYBEANS
What To Read Next
South Dakota Public Utilities Commission hits Banghart Properties LLC, with cease-and-desist on grain trades.
John and Sharon Leiferman's bale-grazing success at Dakota Winds Ranch Inc. is just the latest development in a life of frugality born in part by the 1980s farm crisis.
Maddock Ranch has a commercial herd made up of 100 cows and feeds about 400 to 500 calves annually.
Louis and Cyril Keller are the inventors of the Bobcat skid-steer loader and were selected as 2023 inductees into the National Inventors Hall of Fame.