Monsanto cuts earnings forecast on strong dollar, weak commodities

Anticipating challenges from currency fluctuations and low crop prices, Monsanto Co. executives on Wednesday lowered earnings guidance for the company in 2016.

The Creve Couer-based seed maker cut profit forecasts by 11 percent, but the company said it doesn’t anticipate any additional job losses. Monsanto in recent months has announced layoffs of about 3,600 employees, or 16 percent of its workforce.

Monsanto shares fell 8 percent Wednesday and are down 30 percent from the past year.

Read more: St. Louis Post-Dispatch, St. Louis Business Journal


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