Ceres Inc. revises the number of acres planted with its improved forage sorghum hybrids. The company, which closed its fiscal year on Aug. 31, indicates that higher-than-expected demand from growers and dairies could favorably impact the adoption rate of its Blade brand forage sorghum products next season.
For the 2015 growing season in North America, the company sold more than 4,000 acres of its Blade brand seed products for commercial evaluations, compared to approximately 3,000 acres previously estimated in July and 600 acres planted the previous season. As an outlet for previous generations of products in its portfolio, the company also introduced generic seed for certain market segments. Plantings of generic seed are expected to cover several thousand additional acres this season.
More information is available here: http://investor.ceres.net/releasedetail.cfm?ReleaseID=930978
