Seed sales suggest decline in corn acres

A drop in corn acreage and slower U.S. sales contributed to a 34 percent drop in Monsanto’s quarterly profit, company officials said last week in a call with investors.

Monsanto’s net sales fell to $2.9 billion in the first quarter ending Nov. 30 from $3.1 billion a year earlier. Sales of corn seeds and genetic traits were down 12 ...

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