Monsanto’s SmartStax Won’t Top Triples, Goldman Says
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Monsanto Co.’s SmartStax corn, a new seed with eight genetic changes, probably won’t yield more than a less-expensive technology that has three added genes, Goldman Sachs Group Inc. analysts said.
Monsanto still will increase its corn-seed sales because the new technology provides a yield benefit by allowing farmers to reduce plantings of conventional corn, Goldman Sachs analysts led by Robert Koort said today in a report. Regulators require conventional corn to be sown near insect-killing corn to prevent bugs from developing insecticide resistance.