News Summary: Monsanto reports strong 2Q earnings

WASHINGTON (AP) — TOP SEED: Monsanto reported better-than-expected earnings for the second quarter Wednesday on strong sales of biotech corn seeds, particularly in Brazil.

GUIDANCE BOOST: The company raised its full year earnings guidance to between $ 4.40 and $ 4.50 per share, up from $ 4.30 to $ 4.40 per share. The company is expecting a record year sales of corn seed, which increased 17 percent in the quarter.

ROUNDUP REBOUND: Sales of the company’s herbicides, including the weed killer Roundup, increased 37 percent to $ 1.13 billion.

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