Monsanto's (MON +2.6%) improved profit forecast for the year, by $100M to $7.65B, reflects a...

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

Monsanto's (MON +2.6%) improved profit forecast for the year, by $100M to $7.65B, reflects a gain of $200M-$300M despite deciding to omit profit from Roundup Ready soybeans in Brazil because of the legal dispute over patent expiration, CFO Pierre Courduroux said on today's conference call. MON may be more aggressive in returning cash to shareholders, CEO Hugh Grant added.