Monsanto’s Profit Rises 8.6% on Soybean, Roundup Herbicide Sales

Jan 08, 2014

Monsanto Co., the world’s largest seed company, reported better-than-expected fiscal first-quarter earnings, Wednesday, on higher sales of the company’s soybean seeds and Roundup herbicide.

The company’s earnings rose 8.6%. Monsanto reported that it sold $1.7 billion worth of seeds. Its corn sales dipped 7% to $1.1 billion, while soybean sales rose 16% to $267 million. Herbicide sales also did well, with Monsanto reporting $1.5 billion in net sales.

Monsanto reported a quarterly profit of $368 million, 69 cents a share, which is up from $339 million, 63 cents a share, from last year.

In a Jan. 8 press release, Monsanto also said that it is making progress on developing herbicide-tolerant wheat, but said it is still several years away from a wheat product launch.

Video: Dr. Emerson Nafziger: Nitrogen Fertilizer Rates for Corn

The Crop Science Podcast Show, Dr. Emerson Nafziger from the University of Illinois breaks down decades of nitrogen research. From the evolution of N rate guidelines to how soil health and hybrid genetics influence nitrogen use efficiency, this conversation unpacks the science behind smarter fertilization. Improving how we set nitrogen fertilizer rates for rainfed corn is a key focus. Discover why the MRTN model matters more than ever, and how shifting mindsets and better data can boost yields and environmental outcomes. Tune in now on all major platforms!

"The nitrogen that comes from soil mineralization is the first nitrogen the plant sees, and its role is underestimated."

Meet the guest:

Dr. Emerson Nafziger is Professor Emeritus of Crop Sciences at the University of Illinois at Urbana-Champaign, with degrees in agronomy from Ohio State, Purdue, and Illinois. His research has focused on nitrogen rate strategies and crop productivity. He co-developed the Maximum Return to Nitrogen (MRTN) model, which is widely used across the Midwest. His research spans N response trials, hybrid interactions, crop rotation effects, and yield stability.