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Monsanto ups earnings again

Unexpectedly high maize seed sales in Latin America and higher prices for Roundup (glyphosate) herbicide have prompted Monsanto to again raise its earnings forecast for fiscal 2007. The company expects ongoing earnings of $2/share, or approximately $1.79/share on a reported basis for the year to August 31st. Monsanto previously pointed to ongoing earnings of $1.75-1.80/share (Agrow No 522, p 3), compared with $1.30/share in fiscal 2006.

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