This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Strong North America Performance Validates Corn Market Share Gain For DuPont

WILMINGTON, Del., Nov. 14, 2013 /PRNewswire/ -- DuPont announced a gain of more than one point in North America corn market share for its Pioneer seed business and strong harvest results in 2013 – delivered through a competitive product lineup and innovative Decision Services that help growers to be more productive and profitable on every acre.   Paul E. Schickler, president of DuPont Pioneer, will discuss the continued growth of the Pioneer business which has seen sales grow 11 percent year-to-date through September, as well as plans to extend its leading global position in seeds at the Morgan Stanley Global Chemicals and Agriculture Conference in Boston later today.

"Pioneer ® brand products, coupled with our industry-leading agronomic and technical support, delivered strong yield performance again on growers' farms this year, validating the more than one point gain we achieved in North America corn market share in 2013 based upon the November U.S. Department of Agriculture acreage report," said Schickler.  "This year's harvest results demonstrate the strength of our product lineup with leading product offerings including Pioneer ® brand Optimum ® AQUAmax ® corn products, Optimum ® AcreMax ® insect control products and new T Series soybeans."

New Hybrid Lineups Create Value in Corn Business

"New genetic platforms in Pioneer corn product lineups continued to demonstrate strong performance.  New products launched since 2011 are expected to comprise three-quarters of our 2014 product volume," said Schickler.  "Our right product, right acre approach to developing, testing and placing seed is critical to grower success and has contributed to our increased corn market share in North America since 2008," said Schickler.  "With the broadest corn product line-up in the industry, Pioneer has a solid foundation for continued growth."

Optimum ® AQUAmax ® corn hybrids, planted on 7 million acres in 2013, continued to perform rain or shine.  In their third year of commercial sales, Optimum ® AQUAmax ® hybrids have been tested in an unprecedented 23,000 on-farm yield comparisons, leading to demand expected to exceed 10 million acres in 2014.  Penetration of our integrated and reduced refuge Optimum ® AcreMax ® family of corn products also continued to grow in 2013, and these products are expected to comprise about two-thirds of corn unit sales in 2014.

Pioneer ® Brand T Series Soybeans Make Strong Debut

Launched for the 2013 growing season, Pioneer ® brand T Series soybeans delivered strong yield results for growers.  Next year, 53 newly advanced T Series varieties are expected to comprise about one-third of North America soybean volume.  After successful local testing in IMPACT trials, 13 of the advanced T Series varieties will carry the Genuity ® Roundup Ready 2 Yield ® trait.

"Farmers saw improved yield results in 2013 with Pioneer soybean products," said Schickler.  "We look forward to offering our customers more choices in 2014 – leveraging the strength of our new T Series varieties."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs