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Balanced Reporting. Trusted Insights.
Wednesday, May 31, 2023
Corteva Agriscience said market penetration of its Enlist E3 soybeans reached 45% of total acres in North America in 2022 as it reported net sales for the year of $17.46 billion, 11% higher than 2021.
Higher herbicide prices driven by supply shortages helped drive Bayer earnings above analysts’ estimates for the third quarter, as the company’s crop science division achieved an overall sales increase of 8.4% from the third quarter in 2021, to more than $4.7 billion.
After earning $4.68 billion so far this year, Deere & Company announced today that it is raising its fiscal year net income projections to between $5.7 and $5.9 billion.
Archer Daniels Midland Co. reported net earnings of $712 million for its second quarter on Tuesday, a 27% increase from the same period the year prior.
Nutrien reported a third-quarter loss of $1.03 per share primarily related to an $823 million writedown of its phosphate assets, compared to earnings of $141 million for the same quarter a year ago, but otherwise had a good quarter, the company said.
Poultry giant Pilgrim’s Pride this week posted earnings of $119.4 million for the first quarter of 2018, up from $93.9 million in the same period in 2017, a 27 percent increase driven by increased consumer demand for chicken in the U.S., Mexico and Europe.
Bayer says it is pushing back the expected date of closing its proposed $66 billion acquisition of Monsanto Co. and that it is prepared to make additional concessions – including selling its entire vegetable seed business – to win approval from antitrust authorities in the EU, the U.S. and elsewhere.
WASHINGTON, May 8, 2017 - Tyson Foods stock took a tumble today after the company said its net income for the quarter ending April 1 was down 21 percent from a year ago and also revealed it was being investigated by the Florida attorney general for possible anticompetitive practices.
