According to the NY Times, Monsanto (MON) said it will develop a seeds that can double crop yields and require 30% less water, land, and energy to grow by 2030. Monsanto CEO Hugh Grant said the company decided to make this goal public “so this isn’t just a bound report on some library shelf.” The announcement comes as world leaders meet in Rome to discuss the recent surge in food prices. Grant said it was merely a coincidence, but some believe it is an effort to gain acceptance of genetically modified crops. Professor Glenn Curtis mentioned Monsanto recently in Dow Does Price Hikes.
From the Bull Pen: Monsanto bulls feel comfortable about the long-term prospects of the company. Sell-stops can be set near its 50 DMA ($122).
From the Bear Cave: Those bearish in the Ag space can play the downside in the agriculture ETF (DBA); buy-stops can be set above the 50 DMA ($37).
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