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Jennifer is a proficient investor, executive and manager working with analytics data to drive smart business decisions. Technology, eCommerce, Management, Healthcare, Consulting, Strategy. Passionate for Finance, IT, Emerging & Global. Email: consultbydigital @ Twitter:... More
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  • Monsanto Bioengineered-Seed Business 2 comments
    Aug 10, 2013 7:02 PM

    Monsanto Company NYSE: MON Monsanto reported Wednesday that its income increased 22 percent in the agriculture products company's second quarter on strong sales of biotech seeds, particularly in Brazil and other emerging markets. The company boosted its full-year earnings guidance, citing its strong performance in the first half of the year. Monsanto Co.'s sales increased 15 percent to $5.47 billion, led by genetically modified corn seeds, the company's best-selling product. Monsanto Company fell $1.65 (-1.6%) to $98.78 on average volume. Throughout the day, 3,349,825 shares of Monsanto Company exchanged hands as compared to its average daily volume of 2,814,200 shares. The stock ranged in price between $98.75-$100.98 after having opened the day at $100.98 as compared to the previous trading day's close of $100.43.

    Monsanto has dominated the bioengineered-seed business for more than a decade. In recent years the company has focused on growing business in emerging markets like Argentina, Brazil and other Latin American countries. The company's corn, soybean, cotton and other seeds have genetically engineered traits that repel bugs, increase yield and make them resistant to weed-killer. The company says these benefit farmers enough that they come out ahead, even though the seeds cost more than conventional seeds. Monsanto's critics argue that the company has tried to use patent law to control the supply of seeds for soybeans, corn, cotton, canola and other agricultural staples. Monsanto has a policy that prohibits farmers from saving or reusing the seeds once a crop is grown.

    For Investors, new options have recently become available for the August 9th expiration. "Aerial spraying will be prohibited in areas defined by the municipalities, or in the two-kilometer (1.2 mile) boundaries between urban and rural areas," Gustavo Arrieta, minister of agricultural affairs in Buenos Aires province, told Reuters. The United Nation's Food and Agriculture Organization has urged developing countries to withdraw "highly hazardous" pesticides, saying they pose a serious risk to human health and the environment and are often not properly stored and distributed.

    Monsanto Company has a market cap of $54.1 billion and is part of the basic materials sector. Shares are up 6.1% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Monsanto Company a buy, 1 analyst rates it a sell, and 4 rate it a hold.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • barn find
    , contributor
    Comments (322) | Send Message
    Jennifer... good article on MON ..... I own shares in a company SEED which does the same in china ...much more risk of course, just received a 2.50 cash purchase offer which I do not think will be accepted... Cheers
    21 May 2014, 01:14 PM Reply Like
  • Jennifer Lynn
    , contributor
    Comments (62) | Send Message
    Author’s reply » Thanks, MON is a great compy
    29 May 2014, 06:56 PM Reply Like
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