remember I talked about buying corn futures. That the seed crops probably got contaminated?
Also what is AVE doing at 89????? With a PE of 224??
Thursday March 1, 12:37 pm Eastern Time
No figures yet on StarLink contamination of seed corn-industry
WASHINGTON, March 1 (Reuters) - The protein Cry9C, a key component of an unapproved variety of bio-engineered corn, has been discovered in seed for this year's crop but officials have not yet been able to estimate the amount of contamination, an official with the National Corn Growers Association said on Thursday.
Bruce Knight, executive vice president of the corn group, was among several dozen industry and government officials who met to discuss new concerns about StarLink turning up in bags of corn seed for spring planting.
Knight, speaking after the meeting, said there ``are no reliable'' figures yet available on the amount of seed that may have been contaminated. He added that the unexpected development should not delay any plantings of the U.S. corn crop or create shortages of seed.
StarLink corn, made by the European drug giant Aventis SA , was engineered with a protein known as Cry9C to help repel destructive pests. Last year, the discovery of StarLink -- a genetically modified variety approved only for animal feed -- in human food products caused major problems for the U.S. grain industry and a recall of more than 300 food products because of concerns about possible allergic reactions. The episode also damaged corn exports to Japan, the number one U.S. corn market. |
