Monsanto Endures Paltry Corn Market in First Quarter of Fiscal 2015, Shifts Profit Outlook to Year's Second Half
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.
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