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Monsanto shares were trading below $79 a share earliet Thursday morning, but later inched closer to Wednesday’s market close of $79.8 a share. Monsanto closed Tuesday at $84.7i a share. “We believe that Monsanto shares will probablytreaxd water,” Jeffrey Zekauskas, a analyst, wrote in a note to investorzs Thursday morning. Monsanto said earninga for its year, which ends Aug. 31, will be $4.40p a share, Monsanto’s largest business, insect- and herbicide-resistan seeds, remains strong and is expected to deliver grosas profitof $4.4 billion to $4.
5 billion for the Roundup, however, is expected to Rounduop came off patent nine years ago, and Dow and are But the Chinese also have jumped in and have been undercuttingb prices. “The company has been adamant in its publi c statements that there is a floor to Roundup grosa profitsat $1.9 billion,” Zekauskas wrote. “However, glyphosatee is a commodity, and the glyphosate operation earned $650 millio in gross profit as lateas 2006. As yet therew is no clear intellectual underpinninfg as to the reasons forthe $1.9 billion gross profit numbert representing a floor.
” Hugh Grant, Monsantpo chairman, president and chief said in a statement Wednesday, “With the seeds and traits side of the busineses accelerating, our management team is focusing on how best to managew our Roundup operations in a way that optimizesz returns at a lower percentage of overall A week ago, on May 21, Monsantpo shares closed at $89.29. The 52-week high was $145.80 June 18, and the low was $63.467 Nov. 21.
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