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

Corteva cuts sales forecast on weak demand for crop protection products

Net seed sales rose eight per cent from a year ago, aided by strong prices and increased corn acres

Reuters – Agricultural chemical and seed company Corteva CTVA.N cut its annual sales expectations as demand for its crop protection products showed signs of contraction. Rise in carrying cost of stock for distributors driven by higher interest rates and improved product availability have taken a toll on demand for crop protection products such as herbicide […] Read more

Corn in progress just east of Blumenort, Man. on July 20, 2022. (Dave Bedard photo)

After growing GM corn for decades, some U.S. farmers open to Mexican restrictions

Biden administration seeks to challenge ban

Chicago | Reuters — Mexico has found unexpected allies as it tries to limit imports of genetically modified (GM) corn: some U.S. farmers who grow the crops. Farmers have for decades planted GM corn, which protects against insects and herbicides, with seeds sold by companies such as Bayer, Corteva and ChemChina’s Syngenta. But as believers […] Read more


(Xinzheng/Getty Images)

China must raise self-reliance in ag tech, Xi says

Seed industry seen as weak link in food chain

Beijing | Reuters — President Xi Jinping wants China to accelerate efforts to achieve self-reliance in agricultural technology, identifying seed development and core equipment among areas to focus on, state media reported. The central leadership had said in 2020 that the country’s seed industry was a weak link in the food chain and needed to […] Read more

(File photo by Lisa Guenther)

Corteva to exit some markets, cut jobs in cost-saving push

Canada remains among company's 'core' markets

Reuters — Seeds and pesticides company Corteva on Tuesday announced plans to exit about 35 countries and lay off roughly five per cent of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned spending and roll out measures […] Read more






Photo: iStock/Getty Images

With fertilizer costs high and seed scarce, U.S. farmers turn to soy

'These prices are just crazy'

Chicago | Reuters — North Dakota farmer Jennifer Meyer typically devotes at least 20 per cent of her 2,500-acre farm to corn, which provides a convenient feed for the cattle she raises with her husband. But this year she is looking to find another crop for those 500 acres near Wilton as she has been […] Read more


Paragon Ag Service’s site west of Melfort. (Lakecountryco-op.crs)

Two Saskatchewan co-ops to buy ag input retailer

Paragon Ag Service assets to be divvied up

A pair of Saskatchewan co-operatives are expanding their reach in the crop input retail sector in that province’s northeast, with a deal to buy an independent dealership chain. Lake Country Co-op and Prairie North Co-op announced Tuesday they have agreements in place to buy the assets of Melfort-based Paragon Ag Service from owners Sherman Boland […] Read more