(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 ...