By Michael Dabaie

Bayer AG said the European Commission authorized XtendFlex soybean technology for food, feed, import and processing in the European Union.

The health care and nutrition life science company said this is the final key authorization for XtendFlex soybeans.

Bayer said it is planning a full launch in the U.S. and Canada in 2021 and expects to be in a position to supply 20 million U.S. soy acres when the selling season arrives.

Write to Michael Dabaie at michael.dabaie@wsj.com