
An ETF to Play the Seed Wars

By Don Dion
About this article:
The world's largest seed producer, Monsanto, recently released some important information regarding two of its most-hotly-anticipated biotech crops. ETF investors looking for access to the firm have a number of instruments at their disposal, including the Market Vectors RVE Hard Asset Producers ETF; the Market Vectors Agribusiness ETF and the Vanguard Materials ETF.
Earlier this week, Monsanto announced that its Roundup Ready 2 Yield soybeans and SmartStax corn would be available to all U.S. growers by 2012, an entire year ahead of schedule. SmartStax boasts eight genetic changes, while RR2Y is the first update to the firm's herbicide-resistant soybeans in 13 years.
In 2007, Monsanto CEO Hugh Grant promised the company's gross profit would double in five years. The accelerated schedule will likely aid the firm in meeting this goal. Grant believes that the corn and soybean crops could net the firm an additional...

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