Biotech Values

[DewDiligence]

Bullish for MON (and DE):

http://online.wsj.com/article/SB10001424127887323998604578568032388616700.html

Brazil's soybean crop is expected to reach a record 85 million metric tons in the 2013-2014 crop season, according to the U.S. Department of Agriculture. The country's soybean output in the 2012-13 season rose 34% compared with five seasons ago, an increase largely fueled by China's more protein-focused diet.

Brazil's corn output increased 36% in the past five seasons, and it harvested its biggest crop on record last harvest, according to the USDA.

Higher prices have encouraged Brazilian growers to plant more. "In the last five years, we've increased our area about 40%. We still have some more growing to do," said Holt Shoaf, who farms soybeans and corn in the northeastern state of Piauí.