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Falling corn prices stalk Monsanto, sending 2Q profits lower

2015-04-01 16:59:56| Chemicals - Topix.net

Monsanto reported lower-than-expected earnings as slumping corn prices push farmers toward other crops, crimping sales of the company's best-selling biotech corn seeds. The St. Louis agricultural business giant reported a second-quarter profit of $1.42 billion, or $2.92 per share, down from $1.67 billion, or $3.15 per share, in the prior year period.

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