Hebei Lansheng Biotech Co., Ltd. ShangHai Yuelian Biotech Co., Ltd.

Monsanto expects its dicamba-tolerant seeds on 40% of U.S. soy acresqrcode

Jan. 8, 2018

Favorites Print
Jan. 8, 2018

Monsanto Company
United States  United States

The world’s largest seed and ag chemical company said it expects U.S. farmers will plant 40 million acres of its dicamba-tolerant GMO soybeans this year, double the 2017 total and equal to four of every 10 acres of projected soybean sowings. Monsanto prominently included the continued adoption of its dicamba-resistant soybeans among its “expected drivers of growth” in business this year, along with improvements in the pricing of its glyphosate weedkiller, the adoption of dicamba-tolerant cotton, South American sales of glyphosate-tolerant soybean varieties, and the sale of new corn hybrids around the world.

“In soybeans, global demand for the newest technologies fueled first-quarter sales and a 30% jump in global soybean gross profit year over year, along with margin improvement,” said the St Louis-based company in reporting a gross profit of $1.3 billion for the three-month period. Net sales of soybean seed and traits totaled $728 million in the quarter, compared with $600 million a year earlier.

Monsanto said it “continues to expect 40 million acres of Roundup Ready 2 Xtend soybeans to be planted in fiscal year 2018.” The variety is genetically modified to tolerate glyphosate and dicamba. The company also forecast plantings of 6 million acres of a GMO cotton variety, called Bollgard II XtendFlex, that tolerates three herbicides: dicamba, glyphosate, and glufosonate. That would make up more than half of the USDA’s projected upland cotton plantings of 11.2 million acres.

The dicamba-resistant seeds were dogged by complaints of damage to nearby crops despite the use of low-volatility formulations of the weedkiller. Some weed scientists say the herbicide evaporated from where it was sprayed and moved onto susceptible nearby crops. In discussing its first-quarter sales, Monsanto said, “This past season, 97% of surveyed soybean growers who used XtendiMax Herbicide with VaporGrip Technology reported weed-control satisfaction.”

Meanwhile, the New York Post said Bayer’s chief executive “has begun to market U.S. assets owned by the German conglomerate in order to win clearance for its $66 billion merger with Monsanto.… The assets — which are expected to include a vegetable seeds business and a software unit that helps farmers determine soil conditions for crops — are said to represent more than the $1.6 billion in sales as required under the merger agreement when including the previously announced sale to BASF, sources said.”


More from AgroNewsChange

Hot Topic More

I wanna post a press Comment


Subscribe Email: *
Mobile Number:  





Subscribe AgroNews Daily Alert to send news related to your mailbox