Just wanted to point out that the price for our nextgen seed stock is up more than 2% today...we have an 11% gain in the portfolio since adding the shares on April 9.
The reason why Bioceres Crop Solutions (BIOX) is picking up some buyers today is this headline from Bloomberg...
Crop experts see emerging drought conditions In the Dakotas, where winter wheat is a key crop.
Farmers plant it in September-November and then harvest in late summer/early fall of the following year.
According to the Nat'l Weather Service, much of the southern Great Plains' winter wheat crop (planted at the onset of winter and harvested in late summer/early fall of the following year) is at risk as well, due to extremely dry weather and low relative humidity.
From what I read in agbusiness news sites, much of Brazil's soybean crop is at risk as well because of ongoing "drought stress" due to lack of rainfall.
Basically it means we're likely to see continued rising prices for some time corn and soybean plantings are at risk.
None of that really helps Bioceres Crop Solutions sell more of its drought-tolerant GMO (genetically modified) seeds in the near-term.
But it puts additional pressure on politicians and regulators to speed up their approvals and give farmers additional options and flexibility as they consider what crops to put down for future growing seasons.