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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.
