At today's conference, Begemann will highlight developments in key
areas of the company's growth drivers. These include:
-- U.S. corn business: With U.S. planting nearing completion, Monsanto
remains on track with its 2-3 share point gains in its DEKALB corn
seed business and complementary 1-2 share point gains in its American
Seeds, Inc. businesses. Paired with increased trait penetration,
especially for triple stacks, Monsanto is setting the stage for the
introduction of its new SmartStax trait platform for corn expected in
2010, Begemann said.
-- International corn: In addition to the new biotech trait launches in
Latin America, Monsanto has strengthened its corn seed position in its
key international markets. Notably, in Argentina, Monsanto brands
have gained 5 shares points, ahead of the original expectation of 1-2
share point gain. In Brazil, where Monsanto targeted holding share in
2008, its seed brands met the objective and are poised for growth in
2009. In expanding markets in the European Union and India, Monsanto
brands fell short of the original 1-2 share-point gain target, but
retain strong positions and good momentum for renewed growth in 2009.
-- Soybeans: Monsanto remains on target for its planned 1 million to 2
million acre pre-commercial launch of its Roundup Ready 2 Yield
platform in 2009 in the United States, with significant seed bulk up
and final commercial testing underway in 2008 to support the roll out
-- Cotton: In the United States, Monsanto's cotton business continues to
be a turnaround story, with the Deltapine seed brand expected to lose
share in 2008 and stabilize at a level of approximately 33-36 percent.
|SOURCE Monsanto Company|
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