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Corteva raises forecast as demand for seeds, crop protection products booms

By GFM Network News August 5, 2022

Bengaluru | Reuters – Corteva Inc CTVA.N on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash in on higher prices since the Ukraine war. The company, which reported a 14 percent jump in second-quarter operating earnings, also unveiled plans to exit some

Crops, Markets

Corteva CEO bullish on grain, oilseed prices for 2022

By GFM Network News February 4, 2022

Reuters — Corteva expects prices for grains and oilseeds to remain high this year on record demand levels, its CEO said Thursday, following the insecticide and seed company’s upbeat sales outlook a day earlier. Global agriculture demand and prices for crops picked up pace in the fourth quarter of 2021, thanks to economies reopening and

A jump in price for corn, soybean and other crops has brightened the financial outlook for farmers...

News, Other

Corteva raises sales view again as seed, insecticide demand booms

As farmers fear supply chain woes, they’re buying earlier than usual

By Arathy S Nair November 16, 2021

Reuters – Corteva raised its 2021 sales forecast for a second time this year Nov. 3, and posted a smaller-than-expected quarterly loss, benefiting from higher prices and strong demand for its insecticides and seeds. A jump in price for corn, soybean and other crops has brightened the financial outlook for farmers who have started pre-buying

File photo of emerging durum south of Griffin, Sask. on May 31, 2019. (Leeann Minogue photo)

Crops, Weather

BASF warns on seeding choices for drought-hit imi-treated fields

Steer clear of non-Clearfield canola, durum, canary seed in rotations, company says

By Dave Bedard, GFM Network News September 22, 2021

Updated, Sept. 22 — The maker of Odyssey, Solo and Viper is warning grain growers whose fields were excessively dry in 2021 that those herbicides may not break down soon enough in those soils to allow certain seeding choices in 2022. BASF Canada on Monday issued an “urgent notice to growers” in which the company

File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)

Crops, Weather

Nexera canola seed to come with heat blast insurance

Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29

By Allan Dawson, GFM Network News September 2, 2021

Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due

Markets, News

Soy growers criticize Brazil antitrust ruling

By Ana Mano August 25, 2021

Reuters – Brazilian soybean producers’ group Aprosoja, representing 240,000 farmers, has criticized federal antitrust agency CADE’s decision to clear a joint venture formed by rivals Bayer AG, Corteva and Syngenta. The joint venture (JV) was approved by CADE unconditionally in early August and offers a platform for the collection of royalties from genetically modified soybeans

Markets

Corteva launches Brazil biotech soy, tackles Bayer head-on

By Ana Mano, GFM Network News August 10, 2021

Sao Paulo | Reuters – Corteva Agriscience said on Aug. 9 it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG. Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium

Other

Corteva lifts sales forecast on strong demand for crop protection products, seeds

By Arunima Kumar, GFM Network News August 6, 2021

Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019,

News

Corteva showcases offset program to farmers

U.S. farmers grill company on its pilot program. Plus — when will it come to Canada?

By Geralyn Wichers July 20, 2021

It doesn’t take a genius to see the math doesn’t add up, Corteva Agriscience rep Ben Gordon acknowledged during a webinar promoting its carbon offset program. Farmers have to do it for the soil health and long-term gain if they’re going to join, he said. It was U.S. farmers and ag-interested folk only on Corteva’s

Soybean fields are inspected in a University of Wisconsin research trial on dicamba drift at Arlington, Wisc. on Aug. 2, 2018. (File photo: Reuters/Tom Polansek)

Crops

Bayer, Corteva in ‘two-dog battle’ over U.S. soy market

Companies' GM soybeans jockey for market share

By GFM Network News, Tom Polansek April 10, 2021

Chicago | Reuters — Bayer is launching a new genetically modified soybean in the United States, striking back against rival Corteva in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry. Billions of dollars are on the table for companies producing a growing variety of seeds for soybeans,

Daily Network News

B.C. ostriches culled, CFIA confirms

U.S. livestock: Cattle, hogs end week on high note

U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops

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