Monsanto Raises 2013 Outlook Based on Latin American Sales

Jan 08, 2013

Agriculture Seed Giant Monsanto Boosts 2013 Projections

Monsanto Co., the global giant in the seed business has raised its earnings outlook for fiscal 2013, citing increased growth in sales in Latin America and early U.S. sales.

Monsanto`s shares have been surging in pre-market trading Tuesday morning, as its reported earnings and revenues have exceeded 2013 forecast. The stock is trading at 3.9 percent in premarket trading after the announcement on boosted fiscal-year profit outlook.

The agriculture giant is now projecting for $4.30 to $4.40 per share, which is up from its previous outlooks of $4.18 to $4.32 per share. If this is achieved, this year will mark a third straight year of continued growth for the company.

Monsanto reported that corn seed and trait sales in Latin America and the U.S. are the key drivers of the jump in sales. The company is now seeing the benefits of its expansion efforts in Brazil and Argentina. Sales for the seeds and genomics segment increased by 14 percent in Q1 to $1.8 billion, with corn seed and traits net sales increasing by 27 percent over last year`s quarter to $1.1 billion.

Video: Selling Rams & Helping New Farmers Begin

It’s shipping day again at Ewetopia Farms as we sell another Suffolk yearling ram! In today’s episode, we load one of our Suffolk rams onto the trailer as he heads off to his new farm to sire the next generation of lambs.

This particular customer has been buying our rams for over eight years, trusting Ewetopia genetics for their gentle temperaments, strong builds, and proven performance. Back home, we get busy looking after the flock that’s staying behind. With the weather turning wet and chilly, it’s time to put down fresh, clean bedding to keep everyone cozy and comfortable for the season ahead. Later, we welcome a wonderful new family who’s just starting out in sheep farming!

They’ve chosen some of our Suffolk ewe lambs to begin their flock — and we couldn’t be happier to help them take their first steps into raising sheep. Stay tuned for a follow-up episode when we help deliver and settle their new flock at their farm.