22 $(0.) The decrease in the
quarter was related to lower proceeds from maturities of short-term
securities, which were partially offset by lower spending on acquisitions
compared with those expenditures in the same period in fiscal year 2005.S.
Following the live broadcast, a replay of the webcast will be available on the
Monsanto Web site for three weeks.22 $(0.
Tissue culture propagation contrasts with the current African practice of
transferring banana suckers between farms.
Kruse joined the Company in 1993 and previously served as General Manager -
North American Food Oils and has held several management positions in the
Company. in global economics from the
technical university, Graz, in Austria.

jenks reconstructionist

Early indications from the company's U. The primary contributor to the segment's growth in
the quarter was stronger-than-expected sales of Roundup herbicides in the
United States, Europe and Argentina.
For the first quarter, the company's Roundup and other glyphosate-based
herbicide sales were $549 million, or 26 percent higher than the same period
last year.
Ongoing EPS is calculated excluding certain after-tax items which
Monsanto does not consider part of ongoing operations.
"Many of the families in Chura face hunger and poverty," said Florence
Wambugu, Ph., CEO of Africa Harvest. She adds that for the typical Churan
family, which can average up to 10 individuals, increased production
translates to a climb in income from the current average of $1 per day, per
family to as much as $3 per day , per family.
Archer Daniels Midland Company (ADM) is a world leader in agricultural
processing .

lammas reconstructionist

The call will focus
on these results, future expectations and an update of projects within the
company's R+D pipeline.
Factors that could cause or contribute to such differences include, among
others: continued competition in seeds, traits and agricultural chemicals; the
company's exposure to various contingencies, including those related to
intellectual property protection, regulatory compliance and the speed with
which approvals are received, and public acceptance of biotechnology products;
the success of the company's research and development activities; the outcomes
of major lawsuits, including proceedings related to Solutia Inc. Undue reliance should not be placed on these forward-looking
statements, which are current only as of the date of this release. 31, 2005
Assets

Current Assets:
Cash and Cash Equivalents $1,006 $525
Short-Term Investments 168 150
Trade Receivables - Net of Allowances of
$289 and $275, respectively 1,413 1,473
Miscellaneous Receivables 338 370
Deferred Tax Assets 511 374
Inventories 1,890 1,664
Assets of Discontinued Operations 10 15
Other Current Assets 104 73
Total Current Assets 5,440 4,644

Property, Plant and Equipment - Net 2,355 2,378
Goodwill 1,433 1,248
Other Intangible Assets - Net 1,135 1,153
Noncurrent Deferred Tax Assets 535 680
Other Assets 438 476
Total Assets $11,336 $10,579

Liabilities and Shareowners ' Equity

Current Liabilities:
Short-Term Debt $155 $282
Accounts Payable 370 369
Income Taxes Payable 171 208
Accrued Compensation and Benefits 159 273
Accrued Marketing Programs 530 457
Deferred Revenues 703 43
Grower Accruals 139 18
Contingent Purchase Price - Seminis 125 -
Liabilities of Discontinued Operations 4 11
Miscellaneous Short-Term Accruals 470 498
Total Current Liabilities 2,826 2,159

Long-Term Debt 1,445 1,458
Postretirement Liabilities 697 732
Long-Term Portion of Solutia-Related Reserve 183 184
Other Liabilities 431 433
Shareowners' Equity 5,754 5,613
Total Liabilities and Shareowners' Equity $11,336 $10,579

Debt to Capital Ratio: 22% 24%

Monsanto Company
Selected Financial Information
(Dollars in millions )
Unaudited

Statement of Consolidated Cash Flows Three Months Ended
Nov ."
Creating new markets to accommodate increased banana production is one way
this project will benefit the community for years to come, he said., a subsidiary of DuPont, is the
world's leading source of customized solutions for farmers, livestock
producers and grain and oilseed processors .

planted dhoireann

Sales for Monsanto's Seeds and Genomics segment were $656 million for the
first quarter of fiscal year 2006, or 40 percent higher than the same period
last year. Seminis sales, which were not part of the
company's operations in the first quarter last year, were higher compared with
pro forma sales for the same period last year.
Sales for Monsanto's Agricultural Productivity segment were $749 million
for the first quarter of fiscal year 2006, or 24 percent higher compared with
the same period last year.

Webcast Information
In conjunction with this announcement, Monsanto will hold a conference
call at 8 a. "Along with developing agribusiness to
improve the economy of Chura and the surrounding areas, the tissue culture
program helps to increase sustainable incomes and alleviate hunger and
poverty. An estimated 50,000
people will be positively impacted as the program continues, she adds.org

Kruse received a Bachelor of Science degree in agri -business from
Iowa State University. Mr.

abundance sabbats

S.monsanto.48)
Income On Discontinued Operations - 0.22 $(0. With respect to the projected free cash flow guidance
provided under the caption "Outlook," Monsanto does not include any
estimates or projections of Net Cash Provided (Required) by Financing
Activities because in order to prepare any such estimate or
projection, Monsanto would need to rely on market factors and
conditions that are outside of its control.
Marking a two-year culmination of a partnership between Africa Harvest --
a Kenyan-based agricultural nonprofit organization -- and DuPont, this year's
harvest in Chura is the first in the community to include bananas grown via
tissue culture propagation. It is truly
sustainable. "Africa Harvest provides the local expertise, and
DuPont enables the worthy effort with their financial support.
"The success of both of these projects makes them a model for other
sustainable agricultural and developmental projects that can benefit many more
communities and farmers throughout Kenya, Africa, and the developing world,"
says Holliday ., United States.
Mike Livergood has been named Vice President-Global Oleo Chemicals.

brightly faery

S. business and the
importance of its seeds-and-traits business to Monsanto's earnings. hurricane season and the continuing effect of
inventory management within the dairy business.D.
"For these families , this additional income can mean the difference
between sending their children to school or being forced to keep them home,"
said Wambugu."

Kenyan Banana Production
Wambugu, a plant pathologist, explains tissue culture propagation is the
process of growing tissue culture for plant shoot-tips in a laboratory until
they are ready for transplant into the field. Mr.

sabbats brightly

40)
Diluted Earnings per Share from Ongoing Business
(For the definition of ongoing EPS, see note 1. Monsanto currently expects that corn and soybean acres will
remain relatively flat in the United States this season.
For the first quarter of fiscal year 2006, Monsanto recorded net income of
$59 million compared with a net loss of $40 million for the same period last
year. Earnings per share (EPS) for the quarter, both on an as-reported and
ongoing basis, were 22 cents a share.m. central time (9 a.com .6
Diluted Shares 273.

Fiscal Year Three Months Ended
2006 Nov.

Harvesting Hope: Kenyan Farmers Celebrate First Banana Harvest Using New Growing Technology

"DuPont is proud to partner with Africa Harvest in bringing tissue culture
banana technology to the Chura community," said Charles O. Holliday, Jr. In Chura, 150,000 tissue culture banana plants have been distributed to
date.
With a goal of increasing sustainability among the local community, 2,500
farm families -- or 25,000 individuals -- have benefited from the Churan
tissue culture banana project to date, said Wambugu.

Beyond Bananas: Sustainability for Kenyan Maize Production
In addition to the tissue culture banana project, DuPont -- through its
subsidiary , Pioneer Hi-Bred International, Inc.2 billion.admworld.

noodles abundance

dollars. corn trait revenue.

Agricultural Productivity Segment Detail

($ in millions) Net Sales Gross Profit

Agricultural First First First First
Productivity Quarter Quarter Quarter Quarter
2006 2005 2006 2005
Roundup and other
glyphosate-based
herbicides $549 $435 $182 $151
All other agricultural
productivity products 200 169 66 58
TOTAL Agricultural
Productivity $749 $604 $248 $209

($ in millions) Earnings Before Interest
+ Taxes (EBIT)
First First
Agricultural Productivity Quarter Quarter
2006 2005
EBIT (For a reconciliation of EBIT, see note 1. The
company disclaims any current intention or obligation to update any
forward-looking statements or any of the factors that may affect actual
results .15)

Diluted Earnings (Loss) per Share:
Income (Loss) From Continuing Operations $0. The
reconciliation of EPS to ongoing EPS is included on page 1 of this
release. Because of the highly controlled
starter environment, tissue culture propagation significantly reduces disease
and dramatically improves yield when coupled with good agronomic practices she
says.
"However, many of these issues can be avoided by using tissue culture
propagation , and that is why we eagerly collaborate with DuPont on this
effort," said Wambugu., Dennis Riddle has been
named President-ADM Corn Processing. Kolkhorst received a Bachelor of Science degree in agri-business from
Illinois State University in Normal, Illinois.

planted faery

Stronger adoption of our traits in
Australia, coupled with stronger and earlier sales of Roundup herbicides and
the addition of the Seminis business, helped make this a record first quarter
for our company. Net cash
required by investing activities was $135 million for first-quarter 2006,
compared to net cash provided of $1 million for the same 2005 quarter.
seeds and traits business are promising and suggest continued growth in the
upcoming season.S. 30,
Target 2005 2004
Net Cash Provided by
Operations $1,300 - $1,375 $773 $769
Net Cash Provided (Required)
by Investing Activities (475) (135) 1
Free Cash Flow $825 - $900 $638 $770
Net Cash Provided (Required)
by Financing Activities N/A (157) (254)
Net Increase in Cash and
Cash Equivalents N/A $481 $516
Cash and Cash Equivalents at
Beginning of Period N/A $525 $1,037
Cash and Cash Equivalents at
End of Period N/A $1,006 $1,553

- Africa Harvest , DuPont Help African Farming Community Reap the Benefits of
Tissue Culture Bananas -

CHURA COMMUNITY, NAIROBI, Kenya, African village
farmers are harvesting hope along with their banana crop.,
DuPont Chairman and CEO. Founded in 1802, DuPont puts science to work by
creating sustainable solutions essential to a better, safer, healthier life
for people everywhere.
Reimers joined the Company in 1998 and previously served as Manager-Biodiesel.

lughnasadh reconstructionist

"The first quarter, while historically a smaller part of our overall
financial results for the year, represents a positive starting point for our
business this fiscal year.
(For a reconciliation of free cash flow, see note 1.

Outlook
The second and third quarters of fiscal year 2006 are expected to be the
primary drivers for the company's fiscal year 2006 EPS results.50.)

Seeds and Genomics Segment Detail

($ in millions) Net Sales Gross Profit
First First First First
Seeds and Genomics Quarter Quarter Quarter Quarter
2006 2005 2006 2005
Corn seed and traits $267 $227 $153 $128
Soybean seed and traits 173 180 114 115
Vegetable and fruit seed 125 - 63 -
All other crops seeds
and traits 91 61 56 39
TOTAL Seeds and Genomics $656 $468 $386 $282

($ in millions) Earnings Before Interest
+ Taxes (EBIT)
First First
Seeds and Genomics Quarter Quarter
2006 2005
EBIT (For a reconciliation of EBIT, see note 1. eastern time) today.4 264.

Reconciliation of EBIT to Net Income (Loss): EBIT is defined as
earnings (loss) before interest and taxes. The following table reconciles
EBIT to the most directly comparable financial measure, which is net
income (loss). "It is important to understand that the difference tissue
culture bananas make is far beyond the field.
Peter Reimers has been named General Manager-European Oleo Chemicals . Additional information can be found on
ADM's Web site at http://www.

The First Harvest.

meanings dhoireann

Early Indicators From First Quarter Also Signal Strong Start to U. Sales in the quarter also included revenue from the Seminis
vegetable and fruit seed business, which was not part of the company's
operations during the first quarter last year.) $19 $14
Unusual Items Affecting EBIT None None

The Seeds and Genomics segment consists of the company's global seeds and
traits business, and genetic technology platforms." Visitors may
need to download Windows Media Player(TM) prior to listening to the webcast.
The project includes agronomic and crop management demonstration and
training by Pioneer representatives; it also provides farmers with access to
credit for purchasing inputs.

kym fruition

22 $0.

During the first quarter of fiscal year 2006, the company realized
increased U.monsanto.

About Monsanto Company
Monsanto Company (NYSE: MON) is a leading global provider of
technology-based solutions and agricultural products that improve farm
productivity and food quality.; developments
related to foreign currencies and economies; successful completion and
operation of recent and proposed acquisitions; fluctuations in commodity
prices; compliance with regulations affecting our manufacturing; the accuracy
of the company's estimates related to distribution inventory levels; the
company's ability to fund its short-term financing needs and to obtain payment
for the products that it sells; the effect of weather conditions, natural
disasters and accidents on the agriculture business or the company's
facilities; and other risks and factors detailed in the company's filings with
the SEC. 30,
2005 2004

Operating Activities:
Net Income (Loss) $59 $(40)
Adjustments to reconcile cash provided
(required) by operations:
Items that did not require (provide) cash:
Depreciation and amortization expense 133 109
Bad-debt expense 14 10
Stock-based compensation expense 13 -
Tax benefit on employee stock options - 12
Excess tax benefits from stock-based compensation (10) -
Deferred income taxes 38 (249)
Equity affiliate expense - net 7 6
Solutia-related charge - 284
Other items that did not require (provide) cash (7) 7
Changes in assets and liabilities that provided
(required) cash, net of acquisitions:
Trade receivables 825 893
Inventories (221) (221)
Accounts payable and accrued liabilities (127) 6
PCB litigation settlement proceeds 5 -
Solutia-related payments (9) (21)
Pension contributions (61) (60)
Other items 114 33
Net Cash Provided by Operating Activities 773 769

Cash Flows Provided (Required) by
Investing Activities:
Purchases of short-term investments (18) -
Maturities of short -term investments - 201
Acquisitions of businesses, net of cash acquired (53) (158)
Technology and other investments (10) (9 )
Capital expenditures (56) (39)
Other investment and property disposal proceeds 2 6
Net Cash Provided (Required) by
Investing Activities (135) 1

Cash Flows Provided (Required) by
Financing Activities:
Net change in financing with less than
90-day maturities (122) (22)
Short-term debt proceeds 4 -
Short-term debt reductions (6) -
Long-term debt proceeds 3 5
Long-term debt reductions (26) (208)
Payments on other financings (1) (1)
Treasury stock purchases - (35)
Stock option exercises 27 45
Excess tax benefits from stock-based compensation 10 -
Dividend payments (46) (38)
Net Cash Required by Financing Activities (157) (254)

Net Increase in Cash and Cash Equivalents 481 516
Cash and Cash Equivalents at Beginning of Period 525 1,037
Cash and Cash Equivalents at End of Period $1,006 $1,553

Monsanto Company
Selected Financial Information
(Dollars in millions)
Unaudited

1.
Africa Harvest Biotech Foundation International (AHBFI or Africa Harvest)
is incorporated in the United States as a nonprofit foundation.
Mr. Mr. Reimers received a Master
degree in business engineering and a Ph.

lammas abundance

13

Effective Tax Rate (Continuing Operations) 37% 45%

Comparison as a Percent of Net Sales:
Gross profit 45% 46%
Selling, general and administrative
expenses (SG+A) 25% 25%
Research and development expenses (excluding
acquired in-process R+D) 12% 11%
Income (loss) from continuing operations
before income taxes 7% (21)%
Net income (loss) 4% (4)%

Comment from Monsanto Chairman, President and Chief Executive Officer Hugh
Grant:
"The contribution of our seeds and traits business continues to grow, as
more and more farmers throughout the world recognize the value and convenience
of our products for their farms. In November and December,
farmers worked with their regional sales outlets to secure their orders for
the 2006 season.) $93 $(228)
Unusual Items Affecting EBIT
Pre-tax charge associated with certain
liabilities in connection with the
Solutia bankruptcy - $(284)

The Agricultural Productivity segment consists primarily of crop
protection products, residential lawn-and-garden herbicide products, and the
company 's animal agricultural businesses. The call may also include a discussion of Monsanto's
strategic initiatives, product performance and other matters related to the
company's business.

Monsanto Company
Selected Financial Information
(Dollars in millions, except per share amounts)
Unaudited

Statement of Consolidated Operations Three Months Ended
Nov.6

Monsanto Company
Selected Financial Information
(Dollars in millions)
Unaudited

Condensed Statement of Consolidated
Financial Position As of As of
Nov.
"Banana production in this country has been in decline over the last 10
years," said Wambugu.D.

The Sun (Son) still burns brightly, but already the passing of the days begins to herald the coming of Autumn.

lughnasadh pagans

Operations Update
While the first quarter has historically been a smaller contributor to
overall company performance , Monsanto is off to a good start for its fiscal
year 2006. corn traits business,
-- Broader adoption of cotton traits in Australia, and
-- The addition of sales from the Seminis vegetable and fruit seed
business.
In Australia, cotton farmers increased their plantings of the company's
stacked cotton trait offering, Bollgard II with Roundup Ready cotton, leading
to record trait adoption in this market.22 $(0.
Mark Kolkhorst has been named President -Specialty Feed Ingredients.

Plants are 'setting their seed' already for the next year as the cycle of Nature continues.

meaningful mythinglinks

And, with the most significant part of our annual
business cycle still to come , we believe we are on track for another strong
fiscal year for our business.S. As a
result, free cash flow was $638 million for the first quarter fiscal year
2006, compared with $770 million in the same quarter in fiscal year 2005. 30,
2005 2004
Net Sales $1,405 $1,072
Cost of Goods Sold 771 581
Gross Profit 634 491
Operating Expenses:
Selling, General and Administrative Expenses 350 266
Research and Development Expenses 168 119
Acquired In-Process Research and Development - 12
Restructuring Charges - 1
Total Operating Expenses 518 398
Income From Operations 116 93
Interest Expense 32 25
Interest Income (14) (9)
Solutia-Related Expenses 6 284
Other Expense (Income) - Net (2) 23
Income (Loss) From Continuing Operations
Before Income Taxes 94 (230)
Income Tax Provision (Benefit) 35 (104)
Income (Loss) From Continuing Operations 59 (126)
Discontinued Operations:
Income (Loss) From Operations of
Discontinued Businesses - -
Income Tax Benefit - (86)
Income On Discontinued Operations - 86
Net Income (Loss) $59 $(40)

EBIT (See note 1) $112 $(214)

Basic Earnings (Loss) per Share:
Income (Loss) From Continuing Operations $0.

Three Months Ended
Nov.

Reconciliation of Free Cash Flow: Free cash flow represents the total
of cash flows from operations and investing activities, as reflected
in Monsanto's Statement of Consolidated Cash Flows presented in this
release. In addition, ADM produces value-added food
and feed ingredients.

lughnasadh faery

68
Tax Benefit on Loss from European Wheat
and Barley Business - $(0. Farmers in southern Brazil are also faced with an economic pinch
after two years of drought.m.33
Net Income (Loss) $0."
Tissue culture technology in Africa has increased banana productivity from
20 to 45 tons per hectare, Wambugu said .

ADM Announces Senior Management Appointments

He received a Bachelor of Science degree in
business administration from High Point University and a MBA from Duke
University. Mr.

abundance noodles

Seed and
Trait Sales

ST. In addition, Africa Harvest uses a strategic whole value chain approach
with tissue culture banana technology, which includes: awareness creation and
information outreach, access to tissue culture banana seedlings, agronomic
best practices , post harvest banana fruit handling best practices and linkage
to competitive markets."
Wambugu further explains that bananas were chosen for the tissue culture
project because of the crop's ability to provide income for farmers, with
small pieces of land, over a prolonged period of time -- usually about 10
years. ADM is one of the world's largest processors of soybeans, corn,
wheat and cocoa . Headquartered in Decatur, Illinois, ADM has over 26,000
employees, more than 250 processing plants and net sales for the fiscal year
ended June 30, 2004 of $36.

delicious illuminates

"

Market Conditions
The planting season is well under way in the Southern Hemisphere and is
nearing the mid-season point. corn
trait revenues. These statements
are based on current expectations and currently available information. Also,
extra income for farm families means more business for local merchants and
added opportunities for everyone in the community, Holliday adds. Mr.com .

The young animals are now almost full grown and our plans-planted with high expectations in the spring- are beginning to come to fruition.

illuminates meanings

S. LOUIS,

First Quarter First Quarter
($ in millions) 2006 2005
Net Sales By Segment
Corn seed and traits $267 $227
Soybean seed and traits 173 180
Vegetable and fruit seed 125 -
All other crops seeds and traits 91 61
TOTAL Seeds and Genomics $656 $468

Roundup and other glyphosate-based herbicides $549 $435
All other agricultural productivity products 200 169
TOTAL Agricultural Productivity $749 $604

TOTAL Net Sales $1,405 $1,072

Gross Profit $634 $491

Operating Expenses $518 $398

Interest Expense - Net $18 $16
Other Expense - Net $4 $307

Net Income (Loss) $59 $(40)

Diluted Earnings (Loss) per Share $0. In Brazil, the continued strengthening of the
Real to the U.S.
The company reported record net sales for the first quarter of fiscal year
2006, which were 31 percent higher than the same period in fiscal year 2005. These
quarters reflect both the relative size of the company's U.35 to $2. In Europe, the increase was related to earlier timing of demand as
farmers opted for early purchases of Roundup herbicides in anticipation of the
implementation of an ecology tax in November. 30,
2005 2004
EBIT - Seeds and Genomics Segment $19 $14
EBIT - Agricultural Productivity Segment 93 (228)
EBIT- Total 112 (214)
Interest Expense - Net 18 16
Income Tax Provision (Benefit)(1) 35 (190)
Net Income (Loss) $59 $(40)

(1) Includes the income tax provision (benefit) from continuing
operations and the income tax benefit on discontinued operations. The goal of the maize partnership is to further
contribute to food security through increased production of a staple food
crop.
DuPont is a science company. Riddle joined the Company in 1999 and
previously served as division Senior Vice President-Sweeteners + Starch in the
ADM Corn Processing division. Mr.

passing meaningful

15)
Items Affecting Comparability - EPS Impact
Solutia-Related Charge - $0.
Sales from the Seminis vegetable and fruit seed business also contributed
to increased sales for the quarter.
However, since these statements are based on factors that involve risks and
uncertainties, the company's actual performance and results may differ
materially from those described or implied by such forward-looking statements.6 264 . EBIT, Ongoing EPS and Free Cash Flow: The presentations of EBIT,
ongoing EPS and free cash flow are not intended to replace net income
(loss), cash flows, financial position or comprehensive income
(loss), and they are not measures of financial performance as
determined in accordance with generally accepted accounting
principles (GAAP) in the United States. It has its
headquarters in Kenya and operational regional offices in Johannesburg , South
Africa and in Washington D. DECATUR, Ill. ADM is also a leader in the production of soy meal and oil,
ethanol, corn sweeteners and flour.

kym reconstructionist

Seeds and Traits Growth Roundup Business Drive Record First-Quarter Sales for Monsanto Company

The winter months in the Northern Hemisphere agricultural markets provide
farmers with an opportunity to review their input costs for the 2006 season --
including new seed, trait and chemistry offerings. (For a reconciliation
of free cash flow, see note 1.
As expected, the first quarter of fiscal year 2006 also included the
continuing effect of an inventory step-up related to the Seminis acquisition
which reduced gross profit for the segment by $11 million in the quarter. 30, 2005 Aug."
Additionally, land scarcity limits the opportunity for rotational
production, so many crops are planted in infected soils further perpetuating
disease and pest problems. With headquarters in Des Moines,
Iowa, Pioneer provides access to advanced plant genetics, crop protection
solutions and quality crop systems to customers in nearly 70 countries . Operating in more than 70 countries, DuPont offers a
wide range of innovative products and services for markets including
agriculture, nutrition, electronics, communications, safety and protection ,
home and construction, transportation and apparel. Mr.

sabbat passing

Key drivers for the quarter were:

-- Higher trait revenue from U.
The company's cost of goods sold for the quarter was also negatively
affected by higher costs within the Agricultural Productivity segment
associated with the 2005 U.48)
Income On Discontinued Operations - 0. Earnings (loss) is
intended to mean net income (loss) as presented in the Statement of
Consolidated Operations under GAAP. -- is working with Africa
Harvest to demonstrate to Kenyan farmers the value of hybrid maize seed and
the importance of applying the best agronomic practices in maize production.C.

fruition pagans

) $0.
Monsanto confirmed that its full-year 2006 EPS guidance will be toward the
upper end of its previously announced range of $2.
Presentation slides and a simultaneous audio webcast of the conference
call may be accessed by visiting the company's web site at
http: //www. For more information on Monsanto, see
http://www.

Cautionary Statements Regarding Forward-Looking Information:
Certain statements contained in this release are "forward-looking
statements," such as statements concerning the company's anticipated financial
results, current and future product performance, regulatory approvals,
business and financial plans and other non -historical facts.

Notes to editors: Bollgard II, Roundup and Roundup Ready are registered
trademarks owned by Monsanto Company and its wholly owned subsidiaries.15)

Weighted Average Shares Outstanding:
Basic Shares 268. The following tables
reconcile EBIT and free cash flow to the respective most directly
comparable financial measure calculated in accordance with GAAP. "We are especially enthusiastic about this project
because it goes beyond simply increasing productivity. While reflecting a long-standing
heritage , this traditional approach increases the risk of transmitting pests
and spreading disease among the banana crops. He has held various management positions in grain
merchandising as well as Vice President of both ADM/Growmark and Tabor Grain.
He has also held positions in research and development in the Natural Health +
Nutrition and the Industrial Oils divisions. Reimers will relocate to the
Company 's European headquarters in Hamburg, Germany.

reconstructionist delicious

Key drivers for the quarter were stronger adoption of the company's stacked
cotton traits in Australia; stronger-than-expected purchases of Roundup
herbicides in the United States, Europe and Argentina; and increased U.

Cash Flow
For first-quarter fiscal year 2006, net cash provided by operations was
$773 million, compared with $769 million in first-quarter 2005.com and clicking on "Investor Information.33
Net Income (Loss) $0. "Yields can be reduced by up to 90 percent from using
the same suckers on multiple farms, and this of course, means a major income
loss for farmers.
Pioneer Hi-Bred International, Inc.
Kolkhorst joined ADM in 1986 and previously served as Vice President-Specialty
Feed Ingredients.
Tedd Kruse has been named Vice President-North American Food Oils.
Livergood joined the Company in 1975 and previously served as Vice President-
North American Oilseed Processing with responsibility for sunflower seed and
flaxseed crushing.

pagans reconstructionist

dollar has caused liquidity concerns for farmers who pay for
inputs with local currency but receive grain payments at harvest in U. In Australia, total cotton acres planted in the
country remained relatively flat year-over-year.S. The company
also confirmed that its guidance for free cash flow in fiscal year 2006
remains in the range of $825 million to $900 million.S.
References to Roundup herbicides in this release mean Roundup branded
herbicides, excluding lawn-and-garden herbicide products.22 $(0.

Contacts: Stephanie Jacobson Daniel Kamanga
800-247-6803 254 20 712 1652
DuPont Africa Harvest
dkamanga@ahbfi. Mr. He has also held various management positions in the
Oilseed Processing division as well as merchandising positions.