VIDEO: Monsanto Hit with Losses Again as Farmers Abandon Corn Fields

CORNMonsanto on Wednesday reported a loss of $156 million for its fiscal fourth quarter. Adjusted losses come to 27 cents a share, three cents worse than estimates. Sales were over $2.6 billion, a little better than expectations. The world’s largest seed producer is going through a tough time with declining acres of corn across America. Farmers in major agricultural zones have been favoring soybean to corn because of the falling crop prices and the trend is damaging to Monsanto MORE