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Monsanto ups earnings forecast again

Unexpectedly strong sales of Monsanto's seed and trait business and its Roundup (glyphosate) herbicide operation have prompted the company to raise its earnings guidance for fiscal 2008 for the third time in as many months. Monsanto expects ongoing earnings of $3.15-3.25/share in the year to August 31st 2008, rather than last month's $2.70-2.80/share forecast (Agrow No 538, p 1).

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