Sep. 5, 2013, 4:56 PM
- A group of U.S. farmers, seed companies and others challenging patents on genetically altered crops held by Monsanto (MON) appeal their case to the U.S. Supreme Court.
- MON has said it will not sue farmers if they do not intentionally use the technology without paying for it, so the farmers are trying to create a controversy where none exists; those pushing the court action say MON's patents are invalid, and its biotech crops are damaging to the environment and to farmers who suffer contamination.
Aug. 29, 2013, 3:22 PM
- Researchers in the corn-growing state of Illinois are finding significant damage from rootworms in farm fields planted in a rotation with a genetically modified corn, a new report says; such a combination is supposed to protect the crop from the pests.
- Farmers across "a wide swath of Illinois" could face formidable challenges protecting corn crops from the hungry insects, according to the report.
- Monsanto (MON) introduced GMO corn designed to protect from the rootworms in 2003; the corn has been popular with farmers in much of the U.S., but the report's finding raise concerns that the rootworms are growing more resistant to efforts to fight them.
Aug. 27, 2013, 6:45 PM
- The agricultural sector is the "strongest sector in the market right now," Jim Cramer says as he searches for ways to help investors protect their portfolios in the midst of geopolitical turmoil.
- Monsanto (MON) will be a winner despite Syria, he says, adding that he expects a turn higher in commodities, especially corn, which will help the group; his favorite in the sector is AGCO.
- Cramer says his thesis also is supported by strength from Deere (DE), which is "breaking out."
Aug. 27, 2013, 10:12 AM
- Monsanto (MON) is upgraded to Buy from Neutral at UBS, which says shares have overcorrected.
- UBS doesn't change its estimates or price target, which the firm believes are insensitive to corn as low as $4/bushel (futures currently $5).
- A high P/E is justified by high growth and driven by new products (~90% of sales from products new in past 5-6 years, R&D is 10% of sales), the firm says.
Aug. 13, 2013, 2:19 PM
- Monsanto (MON +1.6%) is maintained as a Conviction Buy with a $122 price target by Goldman Sachs, which sees the recent share price decline as overdone given MON's historical precedent for strong earnings growth even following declining corn prices.
- Fades in corn prices are common, but so too are subsequent strong MON corn earnings results, the firm writes; the only decline in corn profits in the past decade for MON came in 2010, which Goldman attributes more to product launch issues with SmartStax than corn price declines.
Aug. 9, 2013, 6:22 PM
- Brazil's largest soybean cooperative says it is dropping a lawsuit against Monsanto (MON) and will encourage farmers to sign agreements with the company.
- The co-op is accepting MON's offer to reduce the price on its new Intacta RR2 pro soybeans in exchange for dropping the case over its Roundup Ready seed technology.
- MON estimates 2.8M bags of the seeds will be available for Brazil's 2013-14 crop to be planted starting in September, or ~8% of the expected demand for seed.
Aug. 8, 2013, 7:45 PM
- Goldman strategist David Kostin has identified what he thinks are the top 40 most undervalued stocks; at the time he issued the note yesterday, each stock had at least 20% upside to his price target.
- The list: MPC, ADSK, VTR, CRM, AMT, SPG, HAL, DVN, EXPE, SWN, R, ESV, BRCM, CAM, NBL, WYNN, WYN, NE, VMC, PSX, NBR, CCI, APC, EL, NFX, FSLR, GM, YHOO, CERN, EOG, CTSH, GT, QCOM, MON, VLO, SLB, PCP, AMAT, BMY, NOV.
Aug. 6, 2013, 5:22 PM
Jul. 30, 2013, 7:10 PM
- The breakup of the potash cartel could benefit U.S. farmers and eventually trickle down to U.S. consumers, analysts say.
- A 25% drop in potash prices to ~$300/ton by year-end could save the average U.S. corn farmer ~$10/acre in production costs, which would cut total costs by 3% for many producers.
- Top fertilizer stocks Potash (POT), Mosaic (MOS) and Agrium (AGU) suffered big hits today as lower potash prices will impact earnings, but U.S. farmers could wind up using more of the crop nutrient; potash now accounts for ~21% of U.S. fertilizer consumption.
- Large diversified agribusiness companies, such as Monsanto (MON), shouldn't be directly affected by the potash turmoil.
Jul. 24, 2013, 3:49 PMMonsanto (MON -2%) is offering Brazilian farmers a 16% discount on its newest genetically modified soybeans if they drop claims that patents on older beans expired years ago. MON’s Intacta soy went on sale today in Brazil for 115 reais ($51.23) per hectare, but farmers who agree to release MON from patent claims will pay just 96.50 for the next four years. | Jul. 24, 2013, 3:49 PM | Comment!
Jul. 8, 2013, 3:06 PMJapan aims to restart buying U.S. western white wheat as early as next month, industry sources tell Reuters, after halting imports of the grain in May following the discovery of an unapproved genetically modified strain developed by Monsanto (MON +0.4%). The world's sixth-biggest wheat importer annually buys ~800K metric tons of western white. | Jul. 8, 2013, 3:06 PM | 5 Comments
Jun. 26, 2013, 3:41 PMMonsanto's (MON -0.2%) move to eat some drought-related expenses in its FQ3 was "an investment in our consumer base," hopefully helping customer sentiment and profitability next year, CEO Hugh Grant says in today's conference call. It's not a public relations stunt, Morningstar's Jeff Stafford says, noting MON has turned off some farmers in the past by introducing new seeds at very high prices. | Jun. 26, 2013, 3:41 PM | 1 Comment
Jun. 26, 2013, 8:29 AMMore on Monsanto's (MON) FQ3 results: Reaffirms FY 2013 EPS guidance of $4.50-$4.55, below $4.60 analyst consensus. Reaffirms ongoing earnings outlook of greater than 20% growth in FY13 and mid-teens growth for FY14. Confirms FY13 full-year free cash flow guidance of $1.8B-$2B. FQ3 sales in seeds and genomics were ~$3.1B; YTD segment sales are up $569M Y/Y. Shares -0.1% premarket. | Jun. 26, 2013, 8:29 AM | Comment!
Jun. 26, 2013, 8:14 AM
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Jun. 25, 2013, 5:30 PM
Monsanto Co along with its subsidiaries provides agricultural products for farmers. Its seeds, biotechnology traits, herbicides and precision agriculture products provide farmers with solutions that improve productivity.
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