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Monsanto Company (MON)

  • Jun. 6, 2013, 4:35 PM
    Monsanto (MON) has approved a $2B, new three-year share repurchase program. The new program will commence at the completion of Monsanto's existing $1 billion share repurchase program, which was effective beginning in July 2012. Shares +0.4% AH.
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  • Jun. 5, 2013, 12:32 PM
    Monsanto (MON -3.3%) calls the genetically modified wheat found in Oregon an isolated occurrence, likely the result of an accident or deliberate mixing of seeds. MON says tests of 600 samples of each of two wheat varieties planted by an Oregon farmer show no presence of the experimental Roundup Ready wheat, and tests of 30K wheat samples in Oregon and Washington also show no contamination.
  • Jun. 4, 2013, 3:57 PM
    A Kansas farmer files suit against Monsanto (MON) over the recent discovery of genetically modified wheat in Oregon, claiming MON's gross negligence hurt U.S. growers by driving down wheat prices and causing some international markets to suspend certain imports. The lawsuit is believed to be the first stemming from the discovery, but more surely are in the works.
  • Jun. 3, 2013, 8:23 AM
    Not needing another public relations battle, Monsanto (MON) says it will not apply for approval of new genetically modified seeds in Europe due to low demand from farmers and public opposition. Last week's discovery of an unapproved strain of GMO wheat in Oregon has sparked international concern. Europe currently accounts for ~12% of MON's $13.5B in global sales.
  • May 31, 2013, 3:13 PM
    Data shows Monsanto (MON -3.2%) resumed field trials of experimental wheat engineered to survive Roundup herbicide, after it said May 29 it had ended its program to develop Roundup Ready wheat nearly a decade before the USDA announced this week that the GMO crop was discovered growing on an Oregon farm and has since caused international concern.
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  • May 31, 2013, 9:58 AM
    South Korea suspends imports of U.S. wheat following this week's discovery of an unapproved strain of genetically modified wheat that prompted Japan to cancel a wheat order and the European Union to step up tests. Many fear the GMO wheat has been mixed in with conventional wheat for some time, but there are no valid commercial tests to verify whether wheat contains the Roundup Ready gene. MON -1.2%.
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  • May 30, 2013, 6:10 PM
    The European Commission asks EU member states to check imports of U.S. soft white wheat, after a genetically modified strain made by Monsanto (MON), possibly with the Roundup Ready gene, was found in Oregon and caused Japanese authorities to cancel a tender offer to buy U.S. wheat. Soft white wheat accounts for ~80% of U.S. wheat imported annually by the EU, with most of it going to Spain.
  • May 30, 2013, 6:18 AM
    Japan has canceled an offer to buy U.S. grain after authorities found an unauthorized strain of genetically engineered wheat on a farm in Oregon, with South Korea, China and the Philippines monitoring the situation. The wheat was developed by Monsanto (MON), which could face a hefty compensation bill if the boycott spreads - Bayer CropScience had to pay $750M to crop growers in 2011 over contaminated rice. Wheat futures are -0.6%.
  • May 29, 2013, 8:21 AM
    Monsanto (MON) sees Q3 EPS of $1.55-$1.60 vs. $1.69 analyst consensus, and increases its FY 2013 EPS outlook to $4.50-$4.55 vs. $4.63 consensus and prior guidance of $4.40-$4.50. Affirms its full-year free cash flow view of $1.8B-$2B. Shares -0.4% premarket.
  • May 27, 2013, 8:00 AM
    While the movement against genetically modified foods seems to be strengthening - witness the weekend's global protests against Monsanto (MON) - food companies are struggling to replace GM ingredients with conventional ones. With Whole Foods (WFM) saying that all products in its stores will have to be labelled if they contain GM elements, even traditional users of conventional ingredients such as WhiteWave Foods (WWAV) unit Silk have been caught up in the red tape.
  • May 25, 2013, 10:55 PM
    Marchers in more than 400 cities across 52 countries took part in protests against Monsanto (MON) today, calling attention to what they say are dangers posed by genetically modified foods. Monsanto is "poisoning our children, poisoning our planet," claims one of the organizers. The company says its seeds help farmers produce more from their land while conserving resources such as water and energy.
  • May 23, 2013, 8:11 AM
    BASF (BASFY.PK) and Monsanto (MON) plan to commercially launch a drought-tolerant variety of genetically modified corn in the U.S. next year, a senior BASF official says. The two companies have a revenue sharing arrangement, with 60% of revenue going to MON and the rest to BASF.
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  • May 15, 2013, 2:38 PM
    Monsanto (MON +1%) CEO Hugh Grant is "not overly concerned" by the USDA's decision to compile fuller environmental assessments of MON's new soybean and cotton seeds, remarks which differ with industry complaints about the "burdensome" U.S. regulatory system. But Grant has little patience for opponents of genetically modified foods; they're guilty of "elitism” and fail to consider needs of the global population.
  • May 15, 2013, 9:30 AM
    Julian Robertson's Tiger Management unloaded the 42K Apple (AAPL) shares the firm still had going into Q1. Tiger, which has owned Apple for years, had pared its stake from 101K in Q4. On the other hand, Tiger initiated positions in Dunkin' Brands (DNKN - 546K shares), Monsanto (MON - 192K), McGraw Hill (MHP - 408K), and H&R Block (HRB - 849K). AAPL -1.1%. (13F) (Q4 hedge fund sales)
  • May 15, 2013, 8:59 AM
    Monsanto (MON) says it is pushing ahead with plans to introduce a controversial new type of herbicide-tolerant crop, unswayed by last week's decision by the U.S. government to extend its scrutiny of the proposed new crops. In fact, MON will try to take advantage of the regulatory delays by using the extra time to expose farmers and retailers to the product.
  • May 14, 2013, 10:24 AM
    U.S. taxpayers are footing the bill for overseas lobbying that promotes controversial biotech crops developed by Monsanto (MON), according to a report issued by Food & Water Watch. A review of hundreds of diplomatic cables to and from the State Department and embassies in more than 100 countries found officials actively promoting the commercialization of specific biotech seeds.
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Company Description
Monsanto Co is a provider of agricultural products for farmers. The Company offers corn, soybean, cotton, wheat, canola, sorghum and sugar cane seeds. Its segments are Seeds and Genomics and Agricultural Productivity.