Genetically modified wheat moves closer in U.S. after Bioceres grain deemed safe

Bioceres Crop Solutions (NASDAQ:BIOX) +2% post-market Tuesday after the U.S. Department of Agriculture said the type of genetically modified wheat developed by the company may be safely produced in the U.S., putting the agriculture technology company a step closer to its goal of bringing the first genetically modified wheat to the U.S.

The USDA said Bioceres’ (BIOX) drought tolerant and herbicide resistant HB4 wheat is unlikely to pose an increased plant pest threat and “may be safely grown and bred in the United States.”