Source: Monsanto Company news release



Monsanto Company has announced that it has completed regulatory submissions in the U.S. and Canada for the world's first biotech drought-tolerant corn product developed together with Germany-based BASF.



The company applied for USDA approval of its drought-tolerant corn product following its submission to the Food and Drug Administration last December. It also has completed submissions to the relevant Canadian agencies. Regulatory submissions in key import markets such as Japan, Mexico, and Korea, will be made in the next several months.



Drought-tolerant corn is designed to provide farmers yield stability during periods when water supply is scarce by mitigating its effects on a corn plant. Field trials for drought-tolerant corn conducted last year in the Western Great Plains met or exceeded the 6 percent to 10 percent target yield enhancement