Argentina's Bioceres Crop Solutions Corporation announced that the National Biosafety Commission of the Brazilian Ministry of Science, Technology and Innovation has completed a safety assessment of the company's genetically modified, drought-tolerant, HB4 wheat variety, granting full approval for its commercialization and cultivation in Brazil.
Viewing posts from March, 2023
US wheat production is projected to increase 14% for 2023-24 to 1.887 billion bushels on both higher acreage and yield. Total wheat planted acre is projected at 49.5 million acres, up nearly 3.8 million acres from the 2022-23 crop, and the highest since 2016-17. The average farmgate price for wheat is forecast at $8.50 a bushel, down 50 cents a bushel from the 2022-23 crop.