date:Jun 28, 2012
h in 2010, when farmers balked at high prices for its new premium corn seed, SmartStax. Mr. Grant said seed pricing for next year is largely decoupled from commodity prices, and won't fluctuate substantially based on the price of corn.
For the quarter ended May 31, Monsanto reported a profit of $937 million, or $1.74 a share, up from a year-earlier profit of $692 million, or $1.28 a share. Excluding the resolution of a legacy-tax matter, per-share earnings rose to $1.63 from $1.28 a year earlie