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Stock impact report

Corteva's CEO Wants to Replicate US Soybean Success in Brazil [Yahoo! Finance]

Corteva, Inc. (CTVA) 
Last corteva, inc. earnings: 1/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams The agribusiness company is targeting Brazil for its next stage of growth, Chief Executive Officer Chuck Magro said in an interview at Bloomberg's New York office. Corteva, the agricultural chemical and seed company spun off from DowDuPont five years ago, wants to repeat in Brazil what it did in the US with its seed and herbicide technology used for soybeans. The system launched in 2019 with tiny US market share. Now, it's expected to make up 65% of American soybean acres this year and next, according to the company. “We don't see any reason why we couldn't have 20% or 30%” of Brazil's soybean acres by the end of the decade, Magro said in an interview at Bloomberg's New York office. The soy system, known as Enlist E3 in the US and Conkesta E3 in Brazil, first captured more than 50% of key parts in the US soy belt in 2022. I Show less Read more
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