A unanimous Supreme Court decision barred patents on naturally occurring DNA, but analysts said the ruling did little harm to biotech companies.» Read More
Investigators are interviewing "approximately 200 area growers," said USDA. USDA said it gave skittish trading partners a test method on Thursday to identify the wheat, developed years ago by Monsanto Co, which is not approved for cultivation anywhere in the world.
WASHINGTON, June 14- The unapproved genetically modified wheat that was discovered sprouting in Oregon appears to have been "a single isolated incident," U.S. agricultural officials said on Friday.
NEW YORK, June 13- The U.S. Supreme Court decision on Thursday to uphold patent protections for genetic material that has been changed in the laboratory but invalidate patents for purely natural DNA may seem like a partial setback for the biotech industry, but experts said it isn't: the industry has already moved on.
WASHINGTON, June 13- The U.S. Agriculture Department, reeling from the discovery of unapproved genetically modified wheat growing in Oregon, said on Thursday it is working to make "appropriate and validated" tests available to detect the wheat.
*Focus is on area surrounding Oregon field. WASHINGTON/ KANSAS CITY, June 12- An agricultural dragnet has found no cases of unapproved genetically engineered wheat outside of a 123- acre field in Oregon after two months of an ongoing investigation, the U.S. Agriculture Department said on Wednesday.
Among the stock activity stories for Monday, June 10, from AP Business News:. _ Facebook Inc.' s shares rose after a Stifel analyst upgraded his rating on the social media company's stock. _ Shares of food maker Monsanto Co. rose on reports that China may approve some genetically modified soybeans for importation.
Japan and South Korea canceled purchases of U.S. wheat after the discovery of the experimental wheat developed by Monsanto Co. The furor erupted just days after a May 25 protest in cities around the world targeting Monsanto, the leading developer of crops with transgenic DNA.
June 10- Monsanto Co. on Monday won another round in a legal battle with U.S. organic growers as an appeals court threw out the growers' efforts to stop the company from suing farmers if traces of its patented biotech genes are found in crops.
The U.S. Court of Appeals for the Federal Circuit affirmed a federal court ruling out of New York that found organic growers had no reason to try to block Monsanto from suing them as the company had pledged it would not take them to court.
NEW YORK-- Shares of food maker Monsanto Co. rose on Monday on reports that China may approve some genetically modified soybeans for importation. THE SPARK: After meeting with China's agriculture minister, several analysts said China's agriculture minister Han Changfu indicated he would approve Monsanto's Intacta soybeans for importation.
ST. LOUIS-- Monsanto Co. said Thursday that it will buy back up to $2 billion shares of the company's stock over a three-year period. Monsanto also declared its regularly quarterly dividend of 37.5 cents per share. Last month Monsanto increased its full-year profit prediction, citing continued strong global demand from corn growers.
June 6- American wheat farmers and a food safety advocacy group filed a lawsuit Thursday against biotech seed developer Monsanto Co, accusing the company of failing to protect the U.S. wheat market from contamination by its unauthorized wheat.
Take a look at some of Wednesday's midday movers:
TOKYO, June 5- Japan's farm minister has tried to calm concerns about possible shortfalls in the country's main source of flour for cake and other sweets after genetically modified wheat was discovered in the United States, saying the country has two months' inventory of the grade.
SEOUL, June 5- South Korea said on Wednesday it has not detected any genetically modified wheat in tests of imports of the grain and flour from the state of Oregon, but plans to widen tests to cover all U.S. imports.
June 4- While regulators probe the discovery of an experimental genetically modified wheat long thought abandoned by biotech seed developer Monsanto Co, the company has a new line of field experiments on biotech wheat underway.
*Monsanto, USDA investigate source of GMO wheat. The disclosures heightened the mystery that has swirled around the farm since the U.S. Department of Agriculture said last week that the strain, modified by seed giant Monsanto Co to tolerate treatments of weed killer, was found.
Buyers in Asia and Europe have shunned U.S. wheat since USDA announced last week that a strain of wheat, modified by Monsanto Co for herbicide tolerance, was found in an Oregon field. Vilsack's remarks, on the sidelines of a USDA event focused on cutting down food waste, were his first public comments on the subject since the GM wheat find was announced on May 29.
Farmer Ernest Barnes, who grows wheat in Morton County in the southwest corner of Kansas, filed suit Monday in U.S. District Court in Wichita, Kansas, alleging that he and other wheat farmers have been hurt financially by the discovery of the unapproved biotech wheat that Monsanto said it stopped testing and shelved nine years ago.
*USDA says still no indication of GMO wheat in sales channels. WASHINGTON, SEOUL June 3- The United States has expanded its search team in Oregon as it hunts for the source of unapproved genetically modified wheat found growing wild on a farm there in April. The USDA said the wheat was an experimental strain developed by Monsanto Co more than a decade ago.