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Wednesday, January 8, 2014

Monsanto profit beats expectations, shares jump, (NYSE: MON)

Monsanto Co, the world's largest seed company, reported better-than-expected first-quarter earnings on Wednesday as higher herbicide sales offset a decline in its corn business.Analysts lauded the company's performance, saying it had a good balance of the high-margin herbicide business and advancements in its seed business."The ag productivity segment carried the day this quarter in terms of where most of the earnings growth came from," said Edward Jones analyst Matt Arnold. "But the seed business did fine. We definitely applaud them. They are intelligently focusing on where they can win."In early trading, shares climbed 2.2 percent to $115.30.

Monsanto Company (Monsanto) along with its subsidiaries, is a provider of agricultural products for farmers. Shares of MON traded higher by 2.03% or $2.3001/share to $115.54. In the past year, the shares have traded as low as $94.00 and as high as $117.50. On average, 2457820 shares of MON exchange hands on a given day and today's volume is recorded at 588891.