Monsanto says its fiscal third-quarter net income soared 35 percent as its seeds and traits business benefited from a mild winter that drove farmers to plant crops earlier and in large numbers.
The U.S. agricultural giant also maintained its full-year earnings forecast after boosting it last month.
The St. Louis company, which produces genetically engineered seeds and the herbicide Roundup, earned $937 million, or $1.74 per share, in the quarter ended in May. That's compared with $692 million, or $1.28 per share, a year earlier.
St. Louis to demolish plywood shacks near Mississippi River
Demolition will begin Friday at a row of plywood shacks near the Mississippi River in St. Louis where 10 homeless people have been evacuated.
It is the first of three riverfront encampments the city ordered shut down. St. Louis Human Services Director Bill Siedhoff has said that he hopes to have all three encampments cleared out by May 18 after reports of violent crime and rat infestation.