Tagged: Monsanto

Updated 2:05 p.m. April 12, 2011:

Reuters has now updated its story to indicate that a buyout is not in the plans:

Germany's BASF SE (BASFn.DE) has no plans to buy global biotech seed company Monsanto Co (MON.N), sources with knowledge of the situation said on Tuesday.

Rumors that a buyout was imminent sent shares of Monsanto Co (MON.N) up as much as 4 percent while shares of BASF, the world's largest chemical maker, fell 2.8 percent to 62.59 euros.

Monsanto is entering a multi-year research collaboration with San Diego-based Sapphire Energy.

Sapphire specializes in genetically-engineering algae with the goal of producing drop-in replacements for fuels like gasoline, diesel and jet fuel.

The collaboration between Sapphire and Monsanto will focus on identifying genes that positively affect growth in algae and that might also increase agricultural crop yields.

Farmers will be able to plant Monsanto's Roundup Ready sugar beets this spring.

The U.S. Department of Agriculture announced today that planting could continue while the Agency completes an Environmental Impact Statement.

The beets have been genetically-engineered to tolerate Monsanto's Roundup herbicide.

The U.S. Department of Agriculture announced Thursday that it has decided to allow unrestricted commercial planting of Monsanto’s Roundup Ready alfalfa.

The alfalfa has been genetically-engineered to tolerate the herbicide glyphosate, known commercially as Roundup.