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Stocks, Commodities and Forex Trading News Stories Sept. 28, 2010 by Samuel Chong Shares of Monsanto (MON) declines more than 8 percent today in midday trading as the company's product SmartStax, the genetically-modified corn seed, reports disappointing results. However, the company is still a monopoly on seeds.
In a complaint filed by Monsanto's competitor, DuPont, it alleges that
Monsanto controls 98 percent of the U.S. market in soybeans, 79 percent of
the market in corn and 60 percent of the market in patented soy and corn
genetics.
Normally, a sign of insider purchasing activity indicates that the insiders of the company are bullish to the company's prospects. Currently, the company is traded at $48.65. Please see the long term graph of the share prices of the company.
We believe that the long term trend of the share prices of Monsanto is up, as there will be more demand for good seeds, and some times genetically modified seeds in order to combat climate changes or plant diseases.
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