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Monsanto lifts full-year outlook.
Monsanto has raised its full-year 2008 earnings forecast from $2.50-$2.60/share, to $2.70-$2.80/share, excluding one-time charges. The increase reflects the company's increased confidence in its seeds and traits business and continuing strong performance of its Roundup and other glyphosate-based herbicides businesses. Roundup's strong performance is attributed to higher crop values, increased use of Roundup soybeans in Brazil, and …
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