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Monsanto Sees Growing Opportunity for Biotech Traits Globally
Date:9/11/2008

p>"Yield is a priority for farmers," Padgette said. "When we ask farmers today what they want from us in terms of new soybean products, they universally say that they want us to bring the yield improvements they've seen in corn to soybeans."

Padgette will announce that Monsanto's high-yielding soybeans, the first biotech product in soybeans focused solely on improving yield, delivered a 6 to 10 percent yield advantage in the company's recent Latin American trials. The higher-yielding trait, which is part of the yield and stress collaboration with BASF, will be stacked on top of Monsanto's Roundup Ready 2 Yield(TM) soybean platform. Roundup Ready 2 Yield soybeans, which deliver a 7 to 11 percent yield advantage over the popular first generation Roundup Ready(R) technology, recently received regulatory approval in China for importation, placing them one step closer to the expected controlled commercial release on 1 to 2 million acres in 2009.

BASF Collaboration

Next week, Padgette will be speaking at a joint BASF and Monsanto investor event held in Ghent, Belgium. Monsanto's collaboration with BASF works to identify and commercialize novel yield and stress trait technologies for farmers.

"We are extremely pleased with the progress in our yield and stress collaboration with BASF," he said. "Since the start of the collaboration, we have been able to increase the size of our yield and stress transformation pipeline by one-third and have almost 175 field trial locations. Over 90 percent of the genes nominated by BASF have been unique, providing a nice complement to Monsanto's lead genes."

Webcast Information

Padgette's presentation slides and simultaneous audio webcast of the UBS presentation may be accessed by visiting the company's web site at http://www.monsanto.com/investors. Following tomorrow's live broadcast set for 6:30 a.m. CT, a replay of the webcast will be a
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SOURCE Monsanto Company
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