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The document provides an overview and update of Monsanto's research and development pipeline. Key points include: - 5 projects advanced phases in the biotech trait pipeline and 5 new products were added. - DEKALB corn maintained a 8.4 bushel per acre yield advantage on average compared to competitors. When protected with YieldGard VT Triple, the advantage widened to 14.6 bushels. - Roundup Ready2Yield soybeans and molecular breeding are expected to significantly increase soybean yields above historic trends. - The drought tolerant corn family and nitrogen utilization corn family projects were advanced in the pipeline.




























