Bayer Crop Science and BASF will introduce genetically modified soybean seeds to farms in Brazil this year. Research and Markets says both companies are trying to break Monsanto's 10-year dominance in Brazil, which is the second-largest producer of soybeans in the world. Bayer will offer herbicide resistant soybean seed varieties available for this planting season, which starts in October. BASF plans to offer its own herbicide-resistant soybean varieties for the next planting season. Soybeans account for around 50 percent of Brazil's total grain output. The country is supportive of genetically modified organisms as 94 percent of Brazil's soybean plantings have been modified to resist glyphosate.
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