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Article updated: 1/8/2013 11:33 AM

Monsanto profit balloons on Latin American sales

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Agricultural products giant Monsanto reported Tuesday, Jan. 8, 2013, that its profit nearly tripled in the first fiscal quarter as sales of its biotech corn seeds expanded in Latin America.

Associated Press

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Agricultural products giant Monsanto reported Tuesday that its profit nearly tripled in the first fiscal quarter as sales of its biotech corn seeds expanded in Latin America. The company raised its earnings guidance for the year, lifting shares 4 percent in premarket trading.