Monsanto shares slid Wednesday after the agricultural chemical company reported a drop in sales and earnings due to pricing problems with its Roundup herbicide business.
With global food prices near all-time highs, Monsanto, global seed and agricultural product powerhouse, delivered blockbuster fiscal first quarter earnings before the bell on Tuesday.
Earlier in the trading session, global agricultural company Monsanto saw its shares hit a fresh 52-week high on solid earnings as Latin American demand for its products helped the bottom line.
The earnings beat was not enough to shore up interest in the stock, as agricultural yield losses abroad in 2010 have pressured many farmers to switch to crops in high demand this year.