Monsanto shifts into wheat with acquisition of WestBred for $45 million

In Missouri, Monsanto announced that it will acquire WestBred, a wheat breeder, for $45 million. The company is expected to ramp up in terms of providing higher-producing wheat strains, in competition with Dow and Syngenta. The Motley Fool commented, “As energy producers like BP  and ExxonMobil figure out that inputs other than corn might be better for producing biofuels, having one more crop to fall back on should help Monsanto if corn production shifts elsewhere.

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