Monument Circle Acquisition Corp (MON)

[Democritus_of_Abdera]

Hugh Grant’s Introduction to Biennial Investor Day – Highlights ...

...The primary investment thesis for Monsanto is that the yield – the demand curve is alive and well. And the demand continues to escalate despite recessionary measures. And that demand curve can only be met by increasing yields and companies that deliver innovation to propel yields forward stand at least an even chance for winning. And as we look to the future, we forecast the capacity to double yields or using a third less stuff. And the majority of the stuff that growers use around the world are water and fertilizers....

..one of the projects that will advance phases is our Refuge-in-a-Bag for SmartStax, and we announced this morning that we now anticipate making regulatory filings for Refuge-in-a-Bag SmartStax by the end of December this year, which is the next level for sophistication for SmartStax and delivers another level of unique value to the growers....

...And if you think about what’s happened in the last 24 months globally, we’ve seen an acceleration in regulatory approvals. And things that two years ago would have been a champagne moment, we now take in our stride and move on to the next day. But nowhere is that more true than in Latin America. And if you look at the pace of regulatory approvals and the acceleration in Brazil and Argentina, it’s really quite significant in the last two years. In fact in the last month, you now see Mexico green lighting field trials for biotech corn for the first time.... I think by 2012, we are going to see predominantly stack markets in both Brazil and Argentina....

...The next two to three years for us, the name of the game for us is how do we upgrade acres to these new platforms. .... And I think this inflection point when you look ‘10, ‘11 and ‘12; the inflection point here is mix and volume matter more than pure pricing....

...So we are confident because of SmartStax, because of Roundup Ready 2 Yield and because of the accelerated pace of regulatory approvals in Brazil and Argentina and I sincerely hope before too long in Mexico....