Wall Street Analyst Predicts Less Profits for Monsanto

NEW YORK, Feb 1 (Reuters) - UBS Warburg on Friday said it
cut its rating for agricultural products company Monsanto Co.

Analyst Andrew Cash said the expectations are based on price erosion in
seed, the company's exposure to Argentina, and lowered optimism for new
biotechnology product launches in the near-term.

Cash said he estimates that Argentina's economic turmoil and the devaluation
of the peso will cut Monsanto's earnings by 12 cents a share in 2002. He
also sees the growth of current biotech products in established markets like
the United States reaching a plateau.

"Our proprietary contacts in the field just confirmed to us the likelihood
of price cuts in Monsanto's base seed business," Cash added.

Shares of Monsanto, which makes the world's No. 1 herbicide, Roundup, closed
at $33.30 on Thursday on the New York Stock Exchange.

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