Volume Spike Investor

Monsanto Co. (NYSE: MON) may be bad enough to stink up the whole agriculture complex.   The agriculture products and seed giant said that 2009 earnings are now expected to come in at the low end of its range of $4.40 to $4.50 EPS. The new expectation for 2010 earnings will be at $3.10 to $3.30 EPS versus targets by Thomson Reuters closer to $4.29 EPS. Shares were trading down by -3% in early trading, but at 8:59 AM EST we have seen over 1.7 million shares trade and the stock is down a sharp 7.5% at $77.22.  Average volume is 5.8 million shares, but expect that to be hit early in the morning.

The ETF to track this is the Market Vectors Agribusiness ETF (NYSE: MOO), as Monsanto is 6% of its weighting.  We would also look at Archer-Daniels Midland (NYSE: ADM).

JON OGG