Fluctuating grain prices? For Monsanto, no problem Jun 16, 2008
Perhaps its most famous products are Roundup weed killer, along with the "Roundup-ready" plants that survive when the chemical is applied around them. There are several key new products in development, Mr. Grant said, including high-yield soybeans, and corn that can be grown more efficiently in drier climates. (Globe and Mail -- Business)
Brazil Soybean Output to Beat Forecasts on Higher Yields, Agroconsult Says Feb 24, 2008
Planting of gene-modified soybeans in southwestern Goias state will likely reach 80 percent of the crop this year, said Paulo Rocha, a regional representative at Monsanto Co., which produces seeds that resist the company's Roundup weed killer. Brazilian farmers reaped a record 58. (Bloomberg -- Latin America)
Brazilian Seed Sales Help Monsanto More Than Double Its Quarterly Profit Jan 4, 2008
Monsanto gained the most in 18 months and reached a record in New York Stock Exchange trading after corn-seed sales doubled to farmers in Brazil and Argentina and prices for Roundup weed killer surged. Chief Executive Officer Hugh Grant said rising biofuels production and food demand from China will continue to bolster crop prices. (Bloomberg -- Latin America)
Seeds Help Grow Monsanto's Earnings Jun 29, 2007
The company said the banner crop season in the U.S. has translated into heavy demand for its specialized seeds and its Roundup weed killer. According to the Department of Agriculture, U.S. farmers plan to plant 90. (SmartMoney)
Monsanto Sees Bumper Earnings Crop Jun 18, 2007
SAN FRANCISCO (Dow Jones) -- Monsanto Co. on Friday lifted its earnings outlook for fiscal 2007, saying a banner crop season in the United States has translated into heavy demand for its specialized seeds and its Roundup weed killer. Investors took Mosanto's upbeat forecast to heart, bidding its shares as much as 7% higher in early trading to an all-time high of $67. (SmartMoney)
