Tag Archives: stock

Weeds winning against Glysophate

Chuck Darwin was right! Glysophate is losing to mutant weeds.

Gus Lubin wrote in Business Insider 9 June 2011, Dramatic Proliferation Of Herbicide-Resistant Weeds Threatens U.S. Crops

Researchers at Iowa State University warn that herbicide-resistant weeds are proliferating and may jeopardize U.S. food supply.

In an article published in Journal of Agricultural and Food Chemistry, weed scientist Michael Owen said the proliferation of superweed “has been fairly dramatic in the last two to three years.”

Weeds are developing resistance to glyphosate, the active ingredient in Roundup, which has been used extensively since 1996.

U.S. soybean, cotton and corn production could suffer from further proliferation, according to Science News:

“Today, 98 percent of U.S. soybeans, 88 percent or so of U.S. cotton and more than 70 percent of U.S. corn come from cultivars resistant to glyphosate,” Owen reports. Reliance on these crops — and an accompanying weed-control strategy that employs glyphosate to the exclusion of other herbicides — “created the ‘perfect storm’ for weeds to evolve resistance,” Owen and Jerry Green of Pioneer Hi-Bred International in Newark, Del., argue in their new analysis.

Oh, you mean like this pigweed-infested cotton from last year? The Palmer amaranth is already just as bad this year.

It’s not like this is news. We’ve been going on about it Continue reading →

Monsanto Downturn

Andrew Pollack writes in the New York Times that After Growth, Fortunes Turn for Monsanto:
As recently as late December, Monsanto was named “company of the year” by Forbes magazine. Last week, the company earned a different accolade from Jim Cramer, the television stock market commentator. “This may be the worst stock of 2010,” he proclaimed.
I remember that! The month after Forbes did that, Covalence did a survey that ranked Monsanto the least ethical company in the world. Worse than Philip Morris, Chevron, or Halliburton!

About that time we discovered Monsanto Corn Causes Liver and Kidney Damage in Rats, and that Monsanto’s GM soy causes sterility and five times higher infant mortality in hamsters.

Meanwhile, the U.S. Department of Justice was investigating Monsanto’s seed business. At least seven U.S. states started their own investigations, and later the U.S. EPA fined Monsanto $2.5 million for selling seeds illegally in Texas counties where they were banned.

Since then we’ve learned that Pesticides Linked to ADHD. Specifically organophosphate pesticides. Like Glysophate (RoundUp). And that indicators of pesticides, including organophosphates, are found in the urine of 95% of school children. We already knew that Glysophoate causes birth defects in humans.

Anyway, could all this bad news have some effect on Monsanto’s share price? Continue reading →

Monsanto Price Drop

Monsanto’s stock price is down almost $4, or more than 7% today. Why?
Monsanto Price Drop ST. LOUIS, May 27, 2010 /PRNewswire-FirstCall/ — Monsanto Company (NYSE:MON – News) today announced it is repositioning its Roundup® business in the face of fundamental structural changes that have caused upheaval in the glyphosate industry. Focusing its glyphosate products on supporting the core seeds-and-traits business, the company plans to drastically narrow its Roundup® brand portfolio to offer farmers a simple, quality product that meets their needs at a price closer to generics.

“By reducing the uncertainty associated with Roundup, we free Monsanto to grow on its fundamentals,” Chairman and Chief Executive Officer Hugh Grant said. “What matters to our long-term growth is our seeds-and-traits business, which is on track.”

I think that’s CEO-speak for demand is down, competition is up, and Monsanto is retrenching in hopes of saving its core glysophate business. So sad.

More clarification from the CEO: Continue reading →