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Monsanto raises earnings outlook

Monsanto has raised its earnings forecast for fiscal 2007, following strong sales for maize seed and Roundup (glyphosate) herbicide in the US. The company expects full-year earnings to reach $1.75-$1.80 per share, compared with its earlier guidance of $1.60-1.65/share (Agrow No 518, p 1). In line with the favourable outlook, the company expects third-quarter earnings to be around $1.00/share on an ongoing and reported basis.



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