Monsanto Slammed by Weak Prices for Corn, Other Crops in Fiscal 2015, Plans to Slash Work Force by 12%

SUGAR LAND--October 8, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Slumping corn prices were among the major factors that took a toll on Monsanto Company (NYSE:MON) (St. Louis, Missouri) in fiscal-year 2015, as weakening sales for the company's farm products, such as biotech seeds and herbicides, led to an announced 12% reduction in its workforce. Soybean, wheat and glyphosate prices also remained low, while foreign currency headwinds didn't help. Industrial Info is tracking $1.26 billion in active projects involving Monsanto.

Within this article: Details on Monsanto's quarter and projects, including the expansion of a herbicides plant in Luling, Louisiana.