The craze over ethanol and corn has played a major role in the expansion of seed company Monsanto's
On the downside, however, the company reported a net loss of $0.39 per share compared to a net loss of $0.27 per share in its year-ago quarter. Earnings were watered down as a result of the company's acquisition of cotton company Delta and Pine Land. Monsanto also offered up an outlook for its 2008 fiscal year that was slightly below that of Wall Street estimates. Shares of its stock were relatively flat in mid-morning trading action.
There's no doubt that 2007 has been a monster year for Monsanto and its peers. Monsanto shares are up 71.9% year to date. Similar companies that have been able to cash in on the corn craze include Mosaic
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