Monsanto to Introduce New Soybeans, Corn

ST. LOUISMonsanto Company will introduce new Genuity Roundup Ready 2 Yield® soybeans and Genuity SmartStax corn next year, which are expected to create approximately one-third of the company's gross profit growth to 2012, said Chairman and CEO Hugh Grant during the Credit Suisse 22nd Annual Chemical and Ag Science Conference.

"As we upgrade the technology platform on each acre of corn, soybeans and cotton, we create more yieldand more profitfor our farmer customers," Grant said. "As a result of delivering benefits on the farm and to our many seed company licensees, we expect our U.S. seed business alone to generate more gross profit in 2012 than our entire seed portfolio did around the world in 2009."