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The logo and trading info for Corteva Agriscience displayed on the New York Stock Exchange in New York. Photo: Reuters/Brendan McDermid
Reuters

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

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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, […] Read more
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, Reuters, Soybeans

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

Companies' GM soybeans jockey for market share

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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, […] Read more
(File photo by Lisa Guenther)
Corn, Crops, Markets, Reuters

Corteva posts weak revenue, disappointing outlook

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Reuters — Corteva Inc. on Wednesday missed analysts’ expectations for second-quarter revenue and its reinstated full-year forecast came in below estimates, sending the seed and pesticide producer’s shares down as much as nine per cent in extended trade. Good weather and higher planted area shifted corn volumes in North America to the first quarter, while […] Read more
Firefighters training for a grain rescue. (Casa-acsa.ca)
Crops, Machinery

Donation offers up more equipment for grain emergencies

Fire departments first must complete CASA training course

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Corteva AgriScience Canada is donating equipment that’s expected to help fire departments across the country save farmers’ lives. The company’s funding will purchase GSI RES-Q-TUBE and Haul-ALL pencil augers for eligible fire departments that have taken part in BeGrainSafe training put on by the Canadian Agricultural Safety Association (CASA). The GSI RES-Q-TUBE is a rescue […] Read more
(Photo illustration: Reuters/Dado Ruvic)
Crops

Bayer, Corteva among companies stepping off Facebook

Major firms pledge to pause advertising for July

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A couple of major players in the agriculture sector are on an expanding list of major companies pausing advertising on Facebook for the month of July in pursuit of policy changes at the U.S.-based social media giant. Bayer and Corteva Agriscience recently announced they have joined the #stophateforprofit campaign, backed by organizations including the Anti-Defamation […] Read more
(File photo by Dave Bedard)
Crops, Reuters

Farm suppliers race COVID-19 spread for planting season

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Winnipeg/Chicago | Reuters — North America’s biggest farm suppliers are accelerating shipments of fertilizer, seeds and agricultural chemicals to crop-growing regions in an unprecedented race against the coronavirus that threatens to disrupt planting season. The timing could not be worse for farmers preparing to plant crops. Disruptions in deliveries of fertilizer, seeds or chemicals could […] Read more
Charles Baron and partners brought FBN to Canada in 2017, buying Saskatchewan-based Yorkton Distributors. (FBN video screengrab via YouTube)
Crops, Reuters

Court orders big ag firms to hand over documents in antitrust probe

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Ottawa | Reuters — A Canadian federal court has ordered a group of major agriculture companies to hand over records and communications in an antitrust probe sparked by allegations some businesses tried to block online farm-supply startup Farmers Business Network (FBN). In a series of court orders issued Tuesday, Federal Court Justice Denis Gascon said […] Read more
Crops

Probe eyes possibility of ‘co-ordinated behaviour’ in Big Ag

Competition Bureau probes majors' response to FBN's Canadian launch

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Canada’s Competition Bureau is investigating leading agriculture companies for allegedly attempting to drive a California-based online farm-supply retailer out of the Canadian market. Documents filed in Federal Court show Federated Co-operatives, Cargill, Winfield United Canada, Univar Canada, BASF Canada Inc., Corteva and Bayer CropScience (and, by extension, Monsanto Canada) are all under investigation. Investigators with […] Read more

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