U.S. farmers paid more for high quality Genuity reduced refuge corn and Roundup ready 2 yield soybean seeds as global food prices hit historic highs.

FORBES: Amid Record-High Food Prices, Monsanto Grows Q3 Profits 77%

Monsanto, according to its petition, dominates the soybean seed market and its "Roundup Ready" variety is used to grow about 90 percent of the nation's crop for the estimated 275, 000 American soybean farmers like Bowman.

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With Roundup-ready soybeans, for example, a grower only needs to apply Roundup herbicide during planting, while traditional soybean seeds require application during planting and again while the crop is growing in order to achieve the same level of weed control.

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