Friday, July 9, 2010

Monsanto (NYSE:MON) Up on Higher Corn Prices

Monsanto (NYSE:MON) seems to be finally participating in the surge of corn prices over the last week, as the company has led the S&P 500 today, being up over 6 percent so far.

Along with their Roundup issues, Monsanto has met resistance from farmers over the prices of some of their products, and that has also resulted in lower sales.

That's where the higher price of corn comes in, as it could result in shrinking resistance from farmers as their economic situation changes.

Monsanto has been hammered down by over 40 percent over the last half year, and could be considered a buy, especially if you believe all the negative is already priced into the stock.

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