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Bank Of America Investment There may be no corn, soybeans or canola seed in U.S. crops that do not have traces of their genetically engineered counterparts, according to a study released Monday by the Union of Concerned Scientists.

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Investment Opportunity The union, an environmental advocacy group, tested non-transgenic seed from major seed suppliers and found low but detectable levels of DNA from two transgenic varieties in 50% to 83% of corn and soybean and between 83% and 100% of canola.

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Banc Of America Investment Eighty percent of U.S. soybeans and 38% of the corn crop are genetically engineered to be herbicide-resistant, to manufacture their own pesticides, or both.

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Banking Investment But such mixing is an economic threat to organic growers, who risk losing customers if their products are not 100% non-transgenic. And Europe and Japan have long refused to purchase transgenic products.

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Investment Solution Strategic The contamination appears to be pervasive. The report states this could have happened through cross-pollination or inadvertent mixing during storage and distribution. Mixing is considered most likely.

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Investment Banking Services The levels were small, less than 0.5% to 1.0%. But the fact that there is such widespread mixing begs the question of whether it is possible to keep any portion of the U.S. food supply non-transgenic.

Bank Investment "Consumers and the general public take for granted that farmers who want to grow traditional crops could do so. This report shatters that assumption," says Margaret Mellon of the scientists' union.

Alternative Investment "There are no food safety issues here. All these traits have been approved by USDA (the U.S. Department of Agriculture)," says Lisa Dry of the Biotechnology Industry Organization.

Online Investment Services CSU is calling for a government-sponsored follow up study. The USDA says it will study the report.

Accompany Essential Investment By Elizabeth Weise
USA TODAY - 2/24/2004

Topic: Genetic Engineering

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