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Monsanto Company declares quarterly dividend
St. Louis, Missouri
January 17, 2007

Monsanto Company (NYSE: MON) today announced that its Board of Directors has declared a quarterly dividend on its common stock of 12.5 cents per share. The dividend relates to the company's second quarter of its 2007 fiscal year and will be payable on April 27, 2007, to shareowners of record on April 6, 2007.

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.

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