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Soybeans boost Monsanto's second quarter

Record sales from Monsanto's soybean business boosted the company's revenues by 6.6% to $5,832 million in the three months ended February 28th 2014. The seed and trait business recorded a 6.9% rise in sales to $4,648 million in the second quarter of fiscal 2014. "Nearly 80% of our growth in the quarter came from our core seeds and traits business, providing an important proof point that our business in on track and positioned well to deliver the growth we anticipated for 2014, even against a backdrop of greater variability in the agriculture sector this year," says the company's chairman and CEO, Hugh Grant.



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