Monsanto's First Quarter Reflects Strength in South America; We Still Expect the Bayer Deal to Close
Monsanto's important seeds and genomics business is set up for a modest rebound in fiscal 2017, with even better results down the road. The company's corn and soybean sales to South America were the big driver of a 32% increase in gross profit compared with the first quarter of 2016. We don't expect that kind of growth to continue throughout the year as the selling pattern shifts to North America, but with our expectation that DuPont will employ more rational pricing in 2017, we think Monsanto's...Monsanto, along with its subsidiaries, is a provider of agricultural products for farmers. The company has two business segments: Seeds and Genomics, and Agricultural Productivity. Through its Seeds and Genomics segment, the company produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and the company develops biotechnology traits that assist farmers in controlling insects and weeds. The company also provides other seed companies with technology and genetic material for their seed brands. Through its Agricultural Productivity segment, the company manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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