Genetically Modified Wheat Gets a Boost With Brazil Approval
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Brazil approved the sale of a drought-tolerant wheat strain developed by Bioceres Crop Solutions Corp., a key step in widening the acceptance of genetically modified crops.
The nation’s biosafety commission, known as CTNBio, cleared the commercial release of flour made from a strain of wheat known as IND-00412 in a unanimous vote Thursday morning. The decision furthers the Argentine company’s quest to convince the world of its safety. Its shares surged as much as 10%, while wheat futures in Chicago jumped 3.6%.