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Monsanto 4Q Loss Widens, Adjusted Earns Beat View

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Monsanto is moving ahead aggressively with its plan to release corn plants with multiple engineered genes, called SmartStax corn, during 2010, Grant said. A boost in sales of the more expensive SmartStax seeds helped Monsanto boost its corn seed profits by 10 percent during the fourth quarter. The company posted a $114 million charge for its restructuring plan that started in the summer and will cut 900 jobs, or 4 percent

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