Monsanto Drops After OTR Downgrade on ‘Weak’ Intacta Soy Demand

Monsanto Co., the world’s largest seed company, tumbled after OTR Global LLC downgraded the shares amid signs that sales of its genetically engineered Intacta soybeans will fall short of expectations.

Seed dealers and producers in Brazil and Argentina report weaker-than-expected sales of Intacta, genetically engineered to control insects for the Latin America market, Purchase, New York-based OTR said today in a report. OTR, which provides proprietary research, cut its rating on the St. Louis-based company to “negative” from “mixed.”