06.04.2016 - Monsanto Co. reduced sales by 13%
Monsanto Co. said about reduction in profit in the last quarter. So, the world's largest producer of corn and soybean seeds is still under the negative influence of unfavorable conditions in the agricultural market. The reason for such dynamics is the reduction in agricultural prices, and the strengthening of the US dollar. As a result, the company showed a profit of 1.08 billion dollars in the last quarter against 1.43 billion in the same period last year. Sales fell 13% to 4.53 billion dollars. We forecast a decline in the share price by 7-10% in the coming months.