Thursday, January 12, 9:57 AM Agriculture stocks open lower following the USDA's supply/demand report, which is slightly negative for grain prices due to an expected increase in global wheat and corn inventory levels. Fertilizer stocks: POT -4%, CF -3.9%, MOS -3.7%, IPI -3%, AGU -1.7%, RNF -1.2%. Seed names: MON -0.3%, SYT +0.3%. Farm equipment:AGCO -3.2%, TITN -1.7%, DE -1.5%, CNH -1.3%.
Thursday, January 5, 8:07 AM Monsanto (MON): FQ1 EPS of $0.23 beats by $0.06. Revenue of $2.44B (+33% Y/Y) beats by $400M. Sees FY'12 EPS at higher end of $3.39-3.44. Shares +1.1% premarket.
Thursday, January 5, 5:37 AM A shortage of corn seed, production of which may have fallen 25%-50%, could hamper the 2012 planting season and bring a second year of volatility to corn prices. However, Monsanto (MON), Pioneer Hi-Bred (DD) and other large seed companies remain sanguine about supplies.
