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Monsanto Chief Technology Officer presents mid-season results on next-generation research projects
St. Louis, Missouri
July 31, 2006

In a presentation to investors today, Monsanto Company's (NYSE: MON) Chief Technology Officer and Executive Vice President Robb Fraley will provide a mid-season update on projects within the company's research and development pipeline. Fraley's remarks will be part of a company-sponsored tour for investors of its research and seed production facilities in the Corn Belt.

"Monsanto remains focused on maintaining our first-mover advantage and delivering new technologies that growers tell us would make a difference in the way they farm," Fraley said. "Mid-season results on our research projects underscore the continuing momentum of our work to turn important scientific concepts into products that improve yield and productivity for farmers."

Fraley's presentation will outline the latest test results from the Monsanto's winter production field trials in Latin America, as well as new analyses of research data. These mid-season results highlight that:

  • Drought-tolerant corn, one of Monsanto's next-generation agronomic technologies and one of the company's "high-impact technologies" - or "HIT" projects - is showing yield advantages compared with its conventional counterpart for a third-consecutive season.
    This technology is currently in Phase 2 of the research pipeline.
  • Nitrogen-utilization corn technology may provide farmers with a new way to boost a farmer's yield in both normal- and limited-nitrogen usage settings.
    This technology is currently in Phase 1 of the research pipeline.
  • Dicamba-tolerant soybeans, Monsanto's third-generation herbicide-tolerant technology, may provide farmers with tolerance in both pre- and post-emergent settings, as well as increase the flexibility of herbicide applications.
    This technology is currently in Phase 2 of the research pipeline.
  • Insect-protected soybeans, the company's first insect-protection technology for oilseeds, are demonstrating yield advantages compared with its conventional counterpart in
    both mild and moderate insect infestations.
    This technology, which is currently in Phase 2
    of the research pipeline, is intended to be commercialized with the company's Roundup RReady2Yield technology, leading to a new stacked product in soybeans.
  • Omega-3 soybeans, one of the company's families of enhanced oil products which are better for consumers, is delivering comparable yield results to commodity soybeans.
    This technology is currently in Phase 3 of the research pipeline.

In his presentation, Fraley will also describe how Monsanto's research in breeding and biotechnology complements the trend toward alternative fuels created from crops. Fraley will describe how the industry is currently supporting the world's increasing demand for renewable energy resources, and how that demand may change in the coming years.

"Farmers are at the forefront of innovation; they are constantly looking for new ways to preserve the yield potential of their crops as well as looking for new ways to enhance the value of that crop," Fraley said. "Monsanto's research in breeding and biotech, which is focused on boosting the yield-per-acre potential of crops, represents an important way that both farmers and consumers can reap the full potential of each season's harvest."

Fraley will highlight how Monsanto's corn and oilseeds breeding and biotech programs are contributing to the bioenergy sector today, and will also discuss how the company's research could provide additional support to the sector in the coming years. Monsanto's breeders have already identified corn hybrids that yield more ethanol per bushel. These hybrids are sold with the company's trait technologies which help protect yield, and ultimately the plant's ethanol output.

Fraley will describe how research at Renessen, Monsanto's joint venture with Cargill, could serve as an important next-generation technology for the ethanol sector. Renessen is currently working on a combination of biotech, breeding and processing projects designed to increase the nutrient value of the animal feed co-product stream from ethanol.

All presentations associated with this week's investor tour are available online through the Investor section of Monsanto Company's web site at www.monsanto.com.

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.

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