Monsanto 3rd-quarter net profit slips 3%
date:Jun 28, 2013
e.

Last month, Monsanto had said its third-quarter results would likely reflect the continued effect of higher production costs from the 2012 drought, and it would see decreased year-over-year contribution in the quarter from the Brazil soybean business. Still, at the time, the agricultural biotechnology company had also raised its outlook for 2013--the second such increase for the year--amid what it called continued overall growth in its global corn portfolio and strength in the agricultural p
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