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Bayer Bid Nears as Monsanto, Syngenta Struggle to Grow

Ags - Grains/Beans 237 Materials - Chemicals 160 Mergers 214 U.S. 4484

Bayer’s improved bid for Monsanto could continue to consolidation in U.S. agricultural chemicals. Both Monsanto and main competitor (and fellow bid target) Syngenta have struggled to grow – Panjiva data shows Monsanto’s seaborne imports were 11% lower in the first eight months of the year on a year earlier. There may be hope – higher corn prices may have driven a 82% jump in Syngenta imports in August – admittedly the slowest month of the year as harvests come in.

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