Show less
From bonds to equities: How to trade QE
Simon Fasdal
Yesterday at 10:44 GMT
Hardy on the euro, the ECB and EURUSD parity
John J Hardy
Yesterday at 9:41 GMT
Neighbour: Headwinds ahead for FTSE 100
Joe Neighbour
Yesterday at 7:48 GMT
Veksler on FX: When walking away makes sense
Ken Veksler
Wednesday at 15:00 GMT
British banks banking on Britain is 'no bad thing'
Alex Forrest Whiting
Wednesday at 13:49 GMT
If the Eurozone is improving, what's the point of QE?
Mads Koefoed
Wednesday at 10:58 GMT
Collins: Why I am selling GBPUSD
Wednesday at 7:53 GMT
#TechWeek: Sony's new waterproof tablet making a splash
Alex Forrest Whiting
Tuesday at 14:46 GMT
#TechWeek: The NASDAQ can go even higher
Peter Garnry
Tuesday at 12:56 GMT
Coleman: Three reasons why I'm buying EURGBP
Ian Coleman - First 4 Trading
Tuesday at 7:44 GMT
Saxo TV / 24 June 2014 at 13:22 GMT

Just what is Monsanto up to?

Peter Garnry
It’s been revealed that talks between US agricultural giant Monsanto and its rival Syngenta have broken down. Although the world’s largest seed company doesn’t need the Swiss firm, the deal would have allowed it to move its tax location to Switzerland.

Saxo’s Peter Garnry says this is another example of US firms, such as pharmaceuticals, trying to avoid corporate taxes by moving their headquarters to Europe. He points out that an American company is unable to repatriate its cash flow into the US without paying a high tax rate.

Although Monsanto is a successful company in its own right, Garnry says that earlier this year it was under performing in the S&P 500. Although the company has come back up, he believes its valuation is 30 percent above the market price. With falling corn prices (the current corn crop has dropped 14 percent in 5 weeks), the demand for Monsanto’s seeds will be reduced. This, he believes, will impact results in the short term although he still thinks it’s a good long term bet.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Show latest activity
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail