Biosynthetic Technologies, LLC Identifies Monsanto's Vistive® Gold Soybeans As Outstanding For Biosynthetic Oil Use, Companies

Biosynthetic Technologies, LLC Identifies Monsanto's Vistive® Gold Soybeans As
    Outstanding For Biosynthetic Oil Use, Companies Form Collaboration On
                             Bio-Based Lubricants

Collaboration Creates New Opportunity for Vistive® Gold Soybean Growers,
Expected to Increase Demand for High-Oleic Soybean Oil

PR Newswire

ST. LOUIS and IRVINE, Calif., Oct. 30, 2012

ST. LOUIS and IRVINE, Calif., Oct. 30, 2012 /PRNewswire/ -- Recognizing the
value biosynthetic oils could provide to farmers, the environment and the U.S.
economy, Monsanto Company and Biosynthetic Technologies, LLC today announced
license and supply agreements that expand the market opportunity for Vistive®
Gold soybean growers. This arrangement also includes an equity investment by
Monsanto in Biosynthetic Technologies, LLC.

The collaboration creates an opportunity for use of Monsanto's Vistive® Gold
soybean oil in production of biosynthetic lubricant oils. Biosynthetic
Technologies, in collaboration with USDA scientists, has developed an entirely
new class of bio-based synthetic oils that match or exceed the performance
characteristics of the highest quality petroleum-based oils currently used in
the automotive and industrial lubricant sectors.

"We have tested numerous feed stocks as part of our ongoing research and
discovered excellent results using high-oleic soybean oils, in particular
Vistive® Gold," said Allen Barbieri, chief executive officer of Biosynthetic
Technologies. "This is an important collaboration as we move forward with our
other global partners to launch their first lines of domestically-sourced,
renewable biosynthetic lubricants. High-oleic soybean oils are a
cost-competitive alternative to many of the feed stocks we've explored, and
working with Monsanto is a natural fit, given our shared commitment to
sustainability and the potential for this product."

Barbieri noted that Biosynthetic Technologies offers two product lines:
LubriGreen® Biosynthetic Oils used in the automotive and industrial lubricants
sector, and Coco Estolide^TM esters for products used in the personal care and
cosmetics sectors. The company is in the final stages of successful fleet
testing and certification of LubriGreen biosynthetic motor oils synthesized
from high-oleic oils such as Vistive® Gold. These LubriGreen base oils are
also being used by several major oil companies to formulate and commercialize
the first bio-based, biosynthetic motor oils ever sold by these companies.

"I'm very excited about the industrial applications possible with high oleic
soybean oil," said John Motter, a Jenera, Ohio, soybean farmer and United
Soybean Board Director. "Multiple uses of high oleic oil create greater
demand for American soybean farmers and make our products more competitive in
the world market. Seed companies are putting the high oleic trait into their
best genetics, and these soybeans will yield right up there with anything else
farmers are going to grow."

Joe Cornelius, Monsanto's quality trait lead, said company researchers had
been aware of BioSynthetic Technologies' technical efforts and were pleased to
learn of the success experienced with Vistive® Gold high-oleic soybean oil and
the additional opportunity this creates for Monsanto's farmer customers.

"As a leader in soybean advancements and champions of innovations that deliver
value for farmers, we are proud to work with Biosynthetic Technologies on this
new use for soybean oils," Cornelius said. "This is exciting, cutting-edge
science that has such amazing potential, and what's most exciting is that it
expands the market opportunity for Vistive® Gold growers and is expected to
increase demand for high-oleic soybean oil in the United States. We are
always looking for new and sustainable opportunities that benefit our farmer
customers and consumers, and the collaboration with Biosynthetic Technologies
is a great example."

Vistive® Gold soybeans were developed to improve soybean oil's oxidative
stability and reduced saturated fat. This improved oil provides benefits in
both food and industrial applications that are not possible from commodity
soybean oil. Under the terms of the arrangement, Monsanto has made an equity
investment of $7 million in Biosynthetic Technologies. Barbieri said this
investment by Monsanto, in addition to investments from BP Ventures and other
investors, will enable Biosynthetic Technologies to finalize construction of
its pilot plant, facilitate continued product development, and support the
commercial launch of its products.

The Vistive® Gold trait, which farmers are trialling now in advance of an
expected 2014 commercial launch, will be available in Monsanto's Genuity®
Roundup Ready 2 Yield soybeans® that offer herbicide resistance with increased
yield opportunity. The USDA deregulated the biotech trait in Vistive® Gold
soybeans in December 2011, completing the U.S. regulatory process and allowing
field testing and seed production to take place within the United States. All
field tests and seed production will be conducted under stewardship guidelines
until Monsanto has obtained the necessary regulatory approvals in the key
soybean export markets.

About Biosynthetic Technologies
Biosynthetic Technologies, LLC holds exclusive rights to patented technology
that converts fatty acids found in plant and animal oils into high performance
synthetic lubricant base oils. These "biosynthetic" base oils exhibit many
superior characteristics to petroleum lubricant oils. Having tested these base
oils extensively, several of the world's largest manufacturers of automotive
and industrial lubricants are now formulating and certifying finished products
they will bring to market under their brand names. First-mover advantage, lack
of viable competition and patented technology make Biosynthetic Technologies
the market leader in the sustainable lubricants sector. For more information,
visit www.biosynthetic.com.

About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions
and agricultural products that improve farm productivity and food quality.
Monsanto remains focused on enabling both small-holder and large-scale farmers
to produce more from their land while conserving more of our world's natural
resources such as water and energy. To learn more about our business and our
commitments, please visit: www.monsanto.com. Follow our business on Twitter^®
at www.twitter.com/MonsantoNews, on the company blog, Beyond the Rows^® at
www.monsantoblog.com, or subscribe to our News Release RSS Feed.

Cautionary Statements Regarding Forward-Looking Information:
Certain statements contained in this release are "forward-looking statements,"
such as statements concerning Monsanto's anticipated financial results,
current and future product performance, regulatory approvals, business and
financial plans and other non-historical facts. These statements are based on
current expectations and currently available information. However, since these
statements are based on factors that involve risks and uncertainties, the
company's actual performance and results may differ materially from those
described or implied by such forward-looking statements. Factors that could
cause or contribute to such differences include, among others: Biosynthetic
Technologies' ability to commercialize its products; continued competition in
seeds, traits and agricultural chemicals; Monsanto's and Biosynthetic
Technologies' exposure to various contingencies, including those related to
intellectual property protection, regulatory compliance and the speed with
which approvals are received, and public acceptance of biotechnology products;
the success of Monsanto's and Biosynthetic Technologies' research and
development activities; the outcomes of major lawsuits and Monsanto's
previously-announced SEC investigation; developments related to foreign
currencies and economies; successful operation of recent acquisitions;
fluctuations in commodity prices; compliance with regulations affecting
Monsanto's manufacturing; the accuracy of Monsanto's estimates related to
distribution inventory levels; Monsanto's and Biosynthetic Technologies'
ability to fund its short-term financing needs and to obtain payment for the
products that it sells; the effect of weather conditions, natural disasters
and accidents on the agriculture business or Monsanto's and Biosynthetic
Technologies' facilities; and other risks and factors detailed in Monsanto's
most recent Form 10-K Report to the SEC. Undue reliance should not be placed
on these forward-looking statements, which are current only as of the date of
this release. The company disclaims any current intention or obligation to
update any forward-looking statements or any of the factors that may affect
actual results.

CONTACT Monsanto: Sara Miller (314-694-5824)
        Biosynthetic Technologies: (949-390-5910)

SOURCE Monsanto Company

Website: http://www.monsanto.com