Grainnet

St. Louis—Greater demand in Latin America for Monsanto Company's (NYSE:MON) products propelled the company to record-setting net sales and net income results for its fiscal 2009 first quarter, which ended Nov. 30, 2008.

Full Monsanto 1Q Report and Guidance

In connection with these results, the company announced that it is raising full-year earnings-per-share (EPS) guidance from a range of $4.20 to $4.40 to a range of $4.40 to $4.50 on an ongoing basis.

As discussed further in Note 1, at this time the company is not able to provide a reconciliation to reported EPS guidance for fiscal year 2009.

CEO Comments

"The ongoing demand from farmers for our world-class technologies has allowed us to deliver such strong earnings growth while staying fully invested in our research and development pipeline," said Hugh Grant, chairman, president and chief executive officer for Monsanto.

"Our Latin American business once again displayed its strength and set the pace for a great fiscal 2009, giving us confidence to raise our earnings projections and helping us take another solid step toward fulfilling our 2012 gross profit commitments.

"And with the latest progress of our research and development pipeline, we look forward to having additional opportunities to earn farmers' business by unlocking more yield power from their crops."

For more information, call 314-694-4003.

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