Saturday, January 10, 2009

Monsanto and Its GM Seed Are Doing Exceptionally Well

CNN Money: Monsanto First-Quarter Profit Leaps 54%
"January 7, 2009 - Monsanto Co. said Wednesday its fiscal first-quarter profit leapt 54% on farmer demand for its genetically-engineered seed and strength in its Latin America market."
Motley Fool: Monsanto's Back!
"January 8, 2009 - Witness Monsanto, which blew the doors off Wall Street's estimates yesterday.

Overall sales of seeds rose 31% compared to last year. Sales of Roundup and other herbicides fared even better, up 35% compared to last year."
Bloomberg: Monsanto Jumps 18% on Earnings, Higher 2009 Forecast
"January 7, 2009 - Profit in the fiscal first quarter more than doubled because of increased sales of Roundup weed-killer and corn seeds, Monsanto said today in a statement."
Something about this reminds me of a steamroller.

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