The "Fast Money" traders share their final trades of the day.» Read More
June 28- Monsanto Co's unapproved, experimental genetically engineered wheat, which is feared to have potentially contaminated U.S. wheat supplies after it was found growing in an Oregon field this spring, was kept in a U.S. government storage facility until at least late 2011, according to documents obtained by Reuters.
Stocks held their gains Wednesday, extending their rally from the previous session, after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would rein in its stimulus measures in the immediate future.
*Adobe and Microsoft rise on analyst upgrades. NEW YORK, June 26- U.S. stocks advanced for a second straight day on Wednesday as a broad measure of economic growth was revised down, easing investors' concerns that the Federal Reserve would begin to withdraw its stimulus early.
*Adobe and Microsoft rise on analyst upgrades. NEW YORK, June 26- U.S. stocks advanced for a second straight day on Wednesday as a weak reading on economic growth had the effect of easing concerns that the Federal Reserve would soon begin to lessen its stimulus.
June 26- Monsanto Co, the world's largest seed company, reported a higher-than-expected quarterly profit on Wednesday as sales remained on an upswing and pricing improved for the company's herbicide business. Monsanto said it was on track to achieve record volume sales of corn seed for the third consecutive year as it expands in Latin America.
*General Mills slips after results. The S&P 500 rose nearly 1 percent Tuesday, its most since June 13, as data on durable goods orders, sales of new homes and consumer confidence all topped analysts' expectations and the People's Bank of China eased concerns about a possible banking crisis in the world's second-largest economy.
U.S. stock index futures held their gains across the board Wednesday even after the final read on first-quarter gross domestic product came in weaker than expected.
June 26- Monsanto Co said on Wednesday that its quarterly profit fell, but sales remained on an upswing, and the world's largest seed company affirmed an outlook of more than 20 percent growth in ongoing earnings for the year.
*General Mills slips after results. *The S&P 500 rose nearly 1 percent Tuesday, its most since June 13, as data on durable goods orders, sales of new homes and consumer confidence all topped analysts' expectations and the People's Bank of China eased concerns about a possible banking crisis in the world's second-largest economy.
Genetically modified seeds are used in corn and soybeans grown in the US, but the debate over the effects of tinkering with Mother Nature hasn't gone away.
Activists against genetically modified seeds are speaking out so loudly, companies now feel compelled to address the issue, reports CNBC's Jane Wells.
The "Fast Money" traders share their final trades of the day.
WINNIPEG, Manitoba, June 24- Seed developer Monsanto Co said on Monday that it would spend $100 million over the next 10 years on breeding corn for Western Canada, a move it said might change the crop makeup in a fertile region that produces big harvests of spring wheat and canola.
WINNIPEG, Manitoba, June 24- Seed developer Monsanto Co said on Monday it will spend $100 million over the next 10 years on breeding corn for Western Canada, a fertile region that produces big harvests of spring wheat and canola.
Investors should be wary of getting long before a threshold, StockMonster's Guy Adami says.
The government has tested eight samples of seed and four grain samples and none of the more than 100 tests conducted have turned up positive for the experimental genetically engineered trait that was found contaminating the Oregon wheat field this spring, said Ed Curlett, a spokesman for the USDA.
June 20- The U.S. Agriculture Department, probing how a genetically engineered trait entered an Oregon wheat field and the extent of the contamination, has tested a dozen wheat samples and is looking at a national seed storage facility in an effort to resolve the mystery and calm a troubled market for U.S. wheat exports, a spokesman said on Thursday.
*U.S. still searching for source of biotech wheat in Oregon. WASHINGTON, June 19- An executive with Monsanto Co and two other pioneers in agricultural biotechnology said their selection as winners of the $250,000 World Food Prize on Wednesday should encourage the wider use of genetically engineered crops.
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.