WASHINGTON (AP) — Monsanto reported Wednesday that its income increased
22 percent in the agriculture products company's second quarter on
strong sales of biotech seeds, particularly in Brazil and other
emerging markets. The company boosted its full-year earnings guidance, citing its strong performance in the first half of the year. Its shares edged higher in morning trading. The
St. Louis company said it earned $1.48 billion, or $2.74 per share in
the three months ended Feb. 13, up from $1.21 billion, or $2.24 per
share, in the same quarter a year ago.