MON said Wednesday its fiscal first-quarter loss was $19 million, or 3 cents a share, compared to a profit of $556 million, or $1 a share, in the year-ago period. Total net sales fell to $1.7 billion from $2.6 billion. Analysts polled by FactSet Research were looking for nil earnings in the most recent quarter on sales of about $2 billion. For the full year, the St. Louis agricultural products company predicted earnings in a range of $2.85 to $3.11 a share, and ongoing earnings of $3.10 to $3.30 a share. Wall Street projected fiscal 2010 earnings of $3.35 a share, on average. Shares of Monsanto fell 1.7% premarket to $83.55. http://www.marketwatch.com/story/monsanto-swings-to-a-quarterly-loss-2010-01-06 I thought we are in recovery modus ?