NEWS
Corn Will Drive Monsanto 2013 Growth
Wed Oct 3, 2012 10:18 AM CDT

(Dow Jones) -- Monsanto Co. said growth in corn and soybean seed sales volumes in 2012 outpaced the broader expansion in U.S. planted acreage.

The company's U.S. market share increased 1% in both corn and soybeans, said Brett Begemann, Monsanto's president and chief commercial officer.

The St. Louis-based company said corn will drive its growth in 2013. Begemann said that it should see a price increase of between 5% and 10% for U.S. corn seed as farmers seek out its premium products.

The company's chief financial officer added that more of the U.S. seed volume will be reflected in the ...

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