Monsanto Aims To Supply For Up To Roughly Half Of U.S. Soybean Market In 2018

(RTTNews) - Monsanto Company (MON) announced that, in light of current demand, the company and its licensing partners expect to have a supply of Roundup Ready 2 Xtend soybeans for up to half of all U.S. soybean acres for the 2018 season.

The Roundup Ready Xtend Crop System is designed to provide farmers with more consistent, flexible control of weeds, especially tough-to-manage and glyphosate resistant weeds, and to help maximize crop yield potential. The system includes Roundup Ready 2 Xtend soybeans, a biotech product with tolerance to dicamba and glyphosate herbicides, and Bollgard II XtendFlex, providing tolerance to three herbicides, dicamba, glyphosate and glufosinate.

"We understand that EPA is working with the states and is evaluating potential actions to facilitate enhanced training and compliance for 2018. We are communicating with the EPA, which is interested in achieving national uniformity with dicamba regulation to avoid a state patchwork," Chief Technology Officer Robb Fraley stated.