Monsanto Endures Paltry Corn Market in First Quarter of Fiscal 2015, Shifts Profit Outlook to Year's Second Half
SUGAR LAND--January 8, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Agricultural technology and product leader Monsanto Company (NYSE:MON) (St. Louis, Missouri) reported overall declines in sales and profits for the first quarter of the company's 2015 fiscal year, following globally weak results for planted corn--particularly in South American markets, where the company has been expanding--and a shift to third- and fourth-quarter business strengths. Industrial Info is tracking more than $284 million in projects involving Monsanto.
Within this article: Details on Monsanto's quarter and key projects, including the expansion of a corn seed-processing plant in Iowa.