MON beats by 7 cents, guides full-year EPS in line with estimates

Predicts $3.15-$3.25 on an on-going basis for 2008 vs. $3.20 estimates.

Shares are little changed in the premarket.

Comment from Monsanto Chairman, President and Chief Executive Officer Hugh Grant:

"The performance of our seeds and traits business has us on track for another exceptional year and well positioned to support our five-year strategic growth plan. Between now and 2012, we are the only agriculture company that can point to consistent growth irrespective of commodity price swings, fluctuations in planted acres or the popularity of ethanol. Over the next five years we're poised to set the bar higher as we deliver a game changing platform every other year, real products that create real value for the farmer and for our shareowners."