Monsanto Raises Full-Year Outlook

Monsanto has raised its full-year 2008 outlook from $2.50-$2.60/share, to $2.70-$2.80/share, excluding the impact of Solutia's emergence from bankruptcy. This compares to the consensus of analysts’ estimates as reported by First Call (Boston) of $2.81/share. The increase reflects the company's increased confidence in its seeds and traits business and continuing strong performance of its Roundup and other glyphosate-based herbicides businesses. Roundup’s strong performance is attributed to higher crop values, proliferation of Roundup soybeans in...

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