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News Breaks
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March 16, 2010
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| 20:44 EDT |  | MON |
| theflyonthewall.com: | Monsanto shares could jump after a corporate re-engineering, Barrons.com says | | Monsanto (MON) stock has been a laggard, trading essentially where it did a year ago, even though both the broad market and its peers have rallied. Investors have been critical of the company's grab for market share in its herbicide and genetically engineered seed businesses. Its pricing policies have been controversial, angering customers and attracting government regulator attention. But there are increasing signs that Monsanto is positioned for a big recovery. The company has lowered prices of key products and worked to implement a $500M cost-cutting policy. Some analysts say the stock, which trades at just over $70 a share, should be trading at over $100. ''Monsanto's strategic prowess should not be underestimated,'' says a recent report from Morningstar, which pegs fair value for the shares at $122. Reference Link :theflyonthewall.com |
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February 9, 2012
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| 09:45 EDT |  | MON |
| theflyonthewall.com: | Department of Agriculture sees corn stocks lower, narrow average price range | | The Department of Agriculture lowered its projection for U.S. feed grain ending stocks for 2011/12, citing corn and oats imports being more than offset by higher expected corn exports. Corn ending stocks projections were dropped 45M bushels, to 801M. Season average farm corn price forecast was narrowed 10c on both ends of the range, to $5.80-$6.60 per bushel. Global coarse grain supplies for 2011/12 are projected 3.1M tons lower, on reduced corn production from Argentina and Paraguay. Reference Link :theflyonthewall.com |
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February 6, 2012
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| 09:45 EDT |  | MON |
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January 31, 2012
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| 11:13 EDT |  | MON |
| theflyonthewall.com: | Fertilizer stocks lower after several downgrades | | Fertilizer stocks were hit with a series of downgrades this morning which has weighed on the sector. Notable names such as Potash (POT), Intrepid Potash (IPI), and CF Industries (CF) were all downgraded, causing a broad sell off in the fertilizer group. The following downgrades occured: Potash to Neutral from Buy at Goldman, CF Industries to Neutral from Outperform at Credit Suisse, and Intrepid Potash to Sell from Neutral at Goldman. Other names in the sector such as Bunge (BG) and Monsanto (MON) are also trading lower in late morning action. :theflyonthewall.com |
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