Monsanto

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The product provides protection from feedingt damage caused by insects and tolerancew to Roundupagricultural herbicides. Monsanto anticipates the product’s value will be betweenh $300 million and $500 million in 2020. This is the first biotech insect-protected product in soybeans and Monsanto's firstg biotech product targeted primarily at a market outside theUnitefd States, the biotech giant said. The company expectsx to commercialize the soybeans in Brazil in the early to middle part of the next decade pendingb globalregulatory approvals. Submissions to the and the have also been Submissions to the and import marketds will occur over the nextseverakl months, Monsanto said.
Crevre Coeur, Mo.-based Monsanto Co. (NYSE: led by Chairman, President and CEO Hugh Grant, developes insect- and herbicide-resistant crops and other agricultural products. It is one of the largest employersin St. Louis with 4,000 localo employees.