In an effort to find out if the claims by Monsanto (NYSE:MON) over their Roundup Ready 2 Yield soybeans are proven through test results, the state of West Virginia has sued the company because the allegedly won't cooperate.
The truth is for some reason the usual practice of including a protective order related to the confidential intellectual property information isn't being agreed to be the district attorney of West Virginia, making the lawsuit suspect at best.
In response, West Virginia is seeking an order to allow them to bar Monsanto from selling products in the state until they comply with their order.
So while Attorney General Darrell McGraw alleges he's attempting to check out the assertions of Monsanto over their soybeans, he won't allow a protective order to be included in the case. That makes no sense, and questions his integrity over the protection of intellectual property.
What reason in the world wouldn't a protective order be included unless there's an agenda of some sort. It makes little sense.
The supposed reason of the inquiry is to find out if the extra cost of seed is backed by higher yields.
Monsanto said it Roundup Ready 2 Yield soybeans yield about 38 bushels an acre more than its original soybean.
Showing posts with label Roundup Ready Soybeans. Show all posts
Showing posts with label Roundup Ready Soybeans. Show all posts
Tuesday, October 26, 2010
Tuesday, October 19, 2010
Monsanto (NYSE:MON) Gets Latin American Approval for Corn, Soybeans
Latin America is starting to become a significant growth region for Monsanto (NYSE:MON), as two more approvals for products has been awarded to them: one in Brazil and the other in Argentina.
In Brazil, they approved of Bt Roundup Ready 2 Yield (BtRR2Y) soybeans, and in Argentina approval was given for Genuity VT Triple PRO corn.
What's left in Argentina before commercializing the seed is to complete its hybrid registration, which should happen before the end of October.
Brett Begemann, Monsanto's executive vice president – seeds & traits, said this, "These approvals are great news for our farmer customers in Brazil and Argentina. It's a promising recognition of technology's contribution to agriculture in helping to meet the world's growing grain demands more sustainably."
Everything in Brazil is ready for the introduction of the corn seed. What's left to be done is to secure approval to import the product from Brazil to other countries.
Once that is secured, corn planting and production will begin.
In Brazil, they approved of Bt Roundup Ready 2 Yield (BtRR2Y) soybeans, and in Argentina approval was given for Genuity VT Triple PRO corn.
What's left in Argentina before commercializing the seed is to complete its hybrid registration, which should happen before the end of October.
Brett Begemann, Monsanto's executive vice president – seeds & traits, said this, "These approvals are great news for our farmer customers in Brazil and Argentina. It's a promising recognition of technology's contribution to agriculture in helping to meet the world's growing grain demands more sustainably."
Everything in Brazil is ready for the introduction of the corn seed. What's left to be done is to secure approval to import the product from Brazil to other countries.
Once that is secured, corn planting and production will begin.
Wednesday, October 6, 2010
Monsanto (NYSE:MON) Losses Deeper Than Expected
Right after Monsanto Company (NYSE:MON) reported losses has shrunk from the fourth quarter last year, narrowing from $233 million, or 43 cents a share, to $143 million, or 26 cents a share in the fourth quarter this year, the share price skyrocketed, but it quickly came down to earth on the realization the losses were still deeper than expectations.
Operating losses came to 9 cents a share from an operating profit of 2 cents a share. Revenue increased from $1.9 billion to $2 billion.
Dissatisfaction from farmers over some crop yields in the midst of high seed prices had the company struggling during the quarter.
Guidance wasn't encouraging for the seed giant either, as the company said next year the results could continue to be weak, as they revise prices and work with their product line.
SmartStax seed corn is the main culprit in the results, as the expected yields are below estimates, and the high price of the seed has opened the door for major competitor DuPont (NYSE:DD), which has managed to take share away from the company with some crops.
Monsanto Chairman Hugh Grant said, "We've focused on giving farmers the most profitable product options. We're trying hard to back that with our actions from our new products and new price points."
Margins were the key to the poor performance, as sales increased to $1.95 billion in the quarter, as low margins and a $132 million restructuring charge cut gains.
Along with losing market share with soybeans and corn share remaining level, the herbicide business of the company remains under pressure as low-cost alternatives are offered on the market after the patents of the company ran out on them.
Analysts had been looking for a loss of 6 cents a share for the fourth quarter.
Guidance for earnings in 2011 came in at a range from $2.72 to $2.82, down from the $2.83 analysts are estimating.
The shares of Monsanto popped on the guidance for 2011 because it wasn't downwardly revised, and the increase in sales, but has pulled back as the market digested the numbers.
Operating losses came to 9 cents a share from an operating profit of 2 cents a share. Revenue increased from $1.9 billion to $2 billion.
Dissatisfaction from farmers over some crop yields in the midst of high seed prices had the company struggling during the quarter.
Guidance wasn't encouraging for the seed giant either, as the company said next year the results could continue to be weak, as they revise prices and work with their product line.
SmartStax seed corn is the main culprit in the results, as the expected yields are below estimates, and the high price of the seed has opened the door for major competitor DuPont (NYSE:DD), which has managed to take share away from the company with some crops.
Monsanto Chairman Hugh Grant said, "We've focused on giving farmers the most profitable product options. We're trying hard to back that with our actions from our new products and new price points."
Margins were the key to the poor performance, as sales increased to $1.95 billion in the quarter, as low margins and a $132 million restructuring charge cut gains.
Along with losing market share with soybeans and corn share remaining level, the herbicide business of the company remains under pressure as low-cost alternatives are offered on the market after the patents of the company ran out on them.
Analysts had been looking for a loss of 6 cents a share for the fourth quarter.
Guidance for earnings in 2011 came in at a range from $2.72 to $2.82, down from the $2.83 analysts are estimating.
The shares of Monsanto popped on the guidance for 2011 because it wasn't downwardly revised, and the increase in sales, but has pulled back as the market digested the numbers.
Friday, October 1, 2010
Monsanto (NYSE:MON) Meets Roundup Ready 2 Soy Yield Projections
Monsanto (NYSE:MON) has finally received some good news about its seed pipeline, as its yield projections for its Roundup Ready 2 Yield soybeans have been met, according to research firm OTR Global.
Last year OTR reported yields weren't as strong as expected.
Based on feedback from close to 30 farm managers and distributors of seeds, the Roundup Ready 2 soybean seeds are now yielding at their promised rates of 7 percent to 11 percent over their prior soybean seed.
Monsanto had hitched their growth projections to SmartStax corn seed, which so far has underperformed the former seeds from a range of 3 percent to five percent.
So they've been scrambling to get some positive news out as their share price continues to take big hits. Last year on October 1 the share price of Monsanto stood at $75.11. Today it was trading at $48.12 at 2:21 PM EDT.
Last year OTR reported yields weren't as strong as expected.
Based on feedback from close to 30 farm managers and distributors of seeds, the Roundup Ready 2 soybean seeds are now yielding at their promised rates of 7 percent to 11 percent over their prior soybean seed.
Monsanto had hitched their growth projections to SmartStax corn seed, which so far has underperformed the former seeds from a range of 3 percent to five percent.
So they've been scrambling to get some positive news out as their share price continues to take big hits. Last year on October 1 the share price of Monsanto stood at $75.11. Today it was trading at $48.12 at 2:21 PM EDT.
Thursday, September 16, 2010
Monsanto (NYSE:MON) Says Corn Data Shows Higher Yield than Competitors
Monsanto (NYSE:MON) claims early harvest data from corn seed products reveal their products are outproducing their competitors' products.
While data is incomplete at this time, one of note that does seem to be doing well is its Genuity VT Triple PRO Corn, which is used to control earworms.
That product has produced and average yield of 8.5 more bushels of corn an acre than their competitors in 1,400 comparisons.
At a Credit Suisse (NYSE:CS) chemical and agriculture conference, Brett Begemann, Monsanto's executive vice president of seeds and traits said,"Eight and a half bushels is pretty significant... a really positive outcome."
Monsanto made the announcement a day after chief rival DuPont (NYSE:DD) said they are gaining in market share in the soybean and corn seed markets.
DuPont has been branding itself as a lower cost competitor with less traits in a seed, but which does the job needed. They present the question to farmers of whether they really need the extra traits included with Monsanto seeds.
If there aren't higher yields at similar costs, the answer is of course no, and some farmers, especially with its Roundup Ready soybeans, aren't convinced they're getting better results, even with the higher cost seeds.
Monsanto has responded by lowering costs, while interestingly, DuPont has recently upped the cost of its seeds, although they're still lower in price than Monsanto's
Yields reportedly need to be at least a bushel or more an acre to justify the higher price.
While data is incomplete at this time, one of note that does seem to be doing well is its Genuity VT Triple PRO Corn, which is used to control earworms.
That product has produced and average yield of 8.5 more bushels of corn an acre than their competitors in 1,400 comparisons.
At a Credit Suisse (NYSE:CS) chemical and agriculture conference, Brett Begemann, Monsanto's executive vice president of seeds and traits said,"Eight and a half bushels is pretty significant... a really positive outcome."
Monsanto made the announcement a day after chief rival DuPont (NYSE:DD) said they are gaining in market share in the soybean and corn seed markets.
DuPont has been branding itself as a lower cost competitor with less traits in a seed, but which does the job needed. They present the question to farmers of whether they really need the extra traits included with Monsanto seeds.
If there aren't higher yields at similar costs, the answer is of course no, and some farmers, especially with its Roundup Ready soybeans, aren't convinced they're getting better results, even with the higher cost seeds.
Monsanto has responded by lowering costs, while interestingly, DuPont has recently upped the cost of its seeds, although they're still lower in price than Monsanto's
Yields reportedly need to be at least a bushel or more an acre to justify the higher price.
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