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Recent Sector News
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Monsanto Q2 profit rises 19%, FY guidance boosted
Agricultural giant Monsanto Co. (NYSE:MON) reported Wednesday second-quarter profits jumped 19 percent amid revenue growth driven by global gains in corn, and a strong selling season in the United States, prompting a lift in its full year profit forecast.
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Glencore snaps up Viterra for $6.1 bln, Agrium gets agri-products unit for $2.6 bln
Grain handler Viterra (TSE:VT) has agreed to be acquired by Swiss-based Glencore International (LON:GLEN) in a $6.1-billion deal that will see two Canadian firms pick up major segments of Viterra's business.
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Glencore could make bid for Canada's Viterra, sources say
Glencore (LON:GLEN) is one of several parties eyeing Viterra (TSE:VT), Canada's largest grain handler, as it seeks to boost its agricultural division, sources said Monday.
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Mosaic Q2 profits decline but beats analyst views, shares rise
The Mosaic Co. (NYSE:MOS), a supplier of phosphate and potash-based crop nutrients, said second-quarter profits slid 39 percent, but saw revenue rise 13 percent driven by improved pricing.
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Feronia's ambitions in Africa reach beyond palm oil plantations
The company anticipates a planting rate of 2,000 hectares this year and 5,000 per year thereafter. With over 50,000 hectares of inventory, the company has enough land until 2021.
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Monsanto Company narrows 2010 losses, projects mid-teen earnings growth in 2011
Agricultural product provider Monsanto Company (NYSE: MON) has narrowed its losses for fiscal year 2010 by a billion dollars to $1.1 billion, it said Wednesday, prompting it to project earnings growth for next year.
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