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Stock impact report

US says genetically modified wheat safe to grow, pending trials [Yahoo! Finance]

Bioceres Crop Solutions Corp. - Ordinary Shares (BIOX) 
Company Research Source: Yahoo! Finance
By Tom Polansek and Julie Ingwersen CHICAGO (Reuters) - A type of genetically modified wheat developed by Argentina's Bioceres Crop Solutions may be safely grown and bred in the United States, the U.S. Department of Agriculture said on Tuesday. Bioceres must still complete additional steps, including field trials, that will take years before it can commercialize HB4 wheat, modified to tolerate drought, industry group U.S. Wheat Associates said. Still, USDA's finding moves genetically modified wheat closer to production in the U.S. in a potential win for farmers grappling with drought and more severe weather, despite concerns among some consumers. "Wherever wheat is grown in the world, drought takes its toll on yields and quality, so an innovation like HB4 holds a lot of interest for growers like me," said Michael Peters, an Oklahoma wheat farmer and past chairman of U.S. Wheat Associates. Genetic modification involves altering a plant's makeup by transferring DNA from one o Show less Read more
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