Chicago, Illinois
March 16, 2005

Source: Reuters via Agnet March 17/05

Monsanto Executive Vice President Jerry Steiner was cited as telling the Reuters Food Summit in Chicago Wednesday it was unlikely to resurrect any time soon its project to develop genetically modified wheat, which was suspended in May last year, adding, "Would we bring it back next year? It's highly unlikely. … The product has to make sense economically and we have to make best use of our resources."

Even wheat industry leaders, who said biotechnology could lead to improved profitability for struggling wheat growers, warned that Roundup Ready wheat could devastate exports of all U.S. and Canadian wheat.