Wednesday, May 9, 2007

Monsanto stumbles

"On Wall Street, Monsanto's share price has managed to shake off these setbacks, continuing its meteoric rise.
Why? These defeats are puny compared to the company's long string of easy regulatory victories. Roundup Ready alfalfa may be out of commission for a while -- though Reuters reports that 220,000 acres of it have already been planted -- but Roundup Ready corn and soy are rampant in the U.S. Midwest and elsewhere, and the biofuel craze is only ramping up demand."

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