Monsanto is seeing strong North American demand as as farmer plan to increase the corn acreage in 2012. "Early orders indicate momentum is strong," CEO Hugh Grant told investors in a conference call following first-quarter earnings. He compared the situation to last year's, when strong early orders proved to be an indicator of growing demand for the entire season.
Grant added that tight supplies of corn seed isn't a problem for the company but could be a bigger issue for smaller companies. Hot, dry weather in 2011 hurt corn seed production and has raised worries among some farmers and dealers about a shortage. "We feel good about our own position, and are ready, willing and able" to supply customers, Grant said. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
Grant added that tight supplies of corn seed isn't a problem for the company but could be a bigger issue for smaller companies. Hot, dry weather in 2011 hurt corn seed production and has raised worries among some farmers and dealers about a shortage. "We feel good about our own position, and are ready, willing and able" to supply customers, Grant said. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
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