Growing up in Iowa, the sarcastic saying we overused was something was about as exciting as watching the corn grow. But this year’s massive drought in the U.S. Corn Belt revealed something truly exciting to anybody interested in a biotechnology stock that would go up with global warming.
The stock that could get hotter than a billy goat in a pepper patch is Monsanto (NYSE: MON). Here’s why:
Anecdotal reports from field trials in California and Nebraska indicate that, respectively, Arcadia Biosciences’ nitrogen- and water-use-efficient rice and Monsanto’s DroughtGard Hybrids corn were generating significantly higher yields in side-by-side comparisons with competitor hybrids.