DuPont said considering sale of nutrition, biosciences unit

Reading Time: < 1 minute Reuters — Specialty chemicals maker DuPont is considering a sale of its nutrition and biosciences unit, Bloomberg reported on Tuesday, citing people familiar with the matter. The unit, which supplies everything from soy-based food ingredients to tablet binders, could be worth at least US$20 billion as a standalone entity, Bloomberg said. DuPont declined to comment […] Read more

Corteva shares rise as profit beats on international markets

Reading Time: 2 minutes Reuters – Pesticide and insecticide maker Corteva Inc’s quarterly profit beat estimates as volumes and prices in its international markets rose more than expected, sending its shares up more than 8 percent . Investors cheered Corteva’s upbeat numbers, its first after separation from DowDupont in June, as they were a rare bright spot among agricultural […] Read more

Corteva cleared for spinoff

Reading Time: 2 minutes The combined agriculture businesses of Dow Chemical and DuPont have cleared the last of their regulatory hurdles to go ahead with their formal June 1 spinoff. The Delaware-based agribusiness, under the name Corteva, Inc., is scheduled to begin “when-issued” trading on the NYSE on May 24, and “regular way” trading on June 3, under the […] Read more

Canola, corn, soy traits to move forward with China approvals

Reading Time: 3 minutes Approvals from China are expected to allow several major trait developments to move ahead in Canadian canola, corn and soybean fields. The Reuters news service on Tuesday reported safety certificate approvals from China’s ministry of agriculture and rural affairs for biotech traits including: Bayer’s 88302, or TruFlex canola, approved in Canada since 2012; BASF’s RF3, […] Read more

Assure herbicide’s active ingredient under new ownership

Reading Time: 2 minutes Now being put to work in Enlist corn, the active ingredient in Assure II herbicide has a new owner. California-based American Vanguard Corp., the owner of ag chemical producer Amvac Chemical, announced Thursday it has bought the quizalofop-p-ethyl (QPE) product line of herbicides from DowDuPont’s ag division, Corteva Agriscience, for an undisclosed sum. A Group […] Read more

DowDuPont tops profit estimates as chemicals demand provides boost

Reading Time: 2 minutes Reuters – DowDuPont Inc topped Wall Street estimates for third-quarter profit on Thursday, as stronger demand for chemicals used in cosmetics, paints and packaging gear helped offset slowing growth at its agriculture business. The world’s largest chemicals producer, formed last year through the $130 billion merger of Dow Chemical and DuPont, also said it would […] Read more

About two-thirds of DowDupont’s net seed sales are corn while 20 per cent are soybeans.

DowDuPont to take $4.6 billion charge in agriculture unit

The company says low commodity prices and larger inventories could cause farmers to buy less advanced seed

Reading Time: 2 minutes Reuters – DowDuPont Inc. said Oct. 18 it would write down the value of its agriculture business by $4.6 billion when it reports third-quarter results, as global seed makers face shifts in demand linked to the U.S.-China trade war. The charge sent DowDuPont shares down as much as six per cent in extended trading. Why […] Read more

Sorting out new seed brands

Corteva has solidified how its Pioneer and Brevant seed companies will work in the market

Reading Time: 2 minutes Corteva, the new agriculture brand of DowDupont, is maintaining two seed brands in the Canadian marketplace to fill two sales routes to farmers — through agriculture retailers and direct to farmers. Pioneer — the iconic seed brand —will continue to be sold to farmers by farmer dealers, Collin Phillip, the eastern area leader for Corteva […] Read more

DowDuPont bets on canola in race to boost plant proteins

Reading Time: 2 minutes Winnipeg | Reuters — Production of Canada’s biggest crop, canola, has expanded rapidly in recent years amid strong demand for the vegetable oil it produces. But the other processed canola product, meal, takes a backseat to U.S. soymeal to feed certain livestock, due to a reduced protein level. Seed developer DowDuPont hopes to change that […] Read more