As the corn crop withers, Monsanto (MON +1%) shares are blooming - up 24% YTD - but has the seed...

|About: Monsanto Company (MON)|By:, SA News Editor

As the corn crop withers, Monsanto (MON +1%) shares are blooming - up 24% YTD - but has the seed maker's stock grown too pricey? MON's move may be related to its testing of a drought-resistant corn strain that produces plants with deeper roots, but investors may be expecting too much; Piper Jaffray says the corn isn't designed to hold up to the extreme conditions the U.S. has seen this year.