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Source: Monsanto news release

To view the entire report click here.

The company raised its full year guidance to the upper end of its previous guidance ranges, with ongoing EPS guidance of $5.10 to $5.20, positioning the company for strong growth for the full year.

Full-year EPS guidance on an as-reported basis is expected in the range of $5.12 to $5.22 per share.

Updated EPS guidance continues to incorporate the effects related to agricultural industry headwinds, including an estimated $0.15 to $0.20 full-year EPS effect, largely related to currency fluctuations.

The company also increased its full year free cash flow outlook to the upper end of previous guidance, at $700 million to $800 million.

The free cash flow guidance is inclusive of the cash used for the company's fiscal year 2014 acquisition of The Climate Corporation and recent BioAg Alliance with Novozymes.

The company expects net cash provided by operating activities to be $2.9 billion to $3.3 billion, and net cash required by investing activities to be approximately $2.2 billion to $2.5 billion for fiscal year 2014, including capital expenditures and acquisition-related costs.

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