DowDuPont's Unit To Launch Enlist E3 Soybean And Qrome Corn
Zacks Investment Research | Jan 17, 2019 08:25PM ET
DowDuPont’s (NYSE:DWDP) Agriculture Division — Corteva Agriscience — intends to commercially launch Enlist E3 soybeans in the United States, Canada and Brazil starting this year. Also, the unit plans to expand the launch of Qrome products across the U.S. Corn Belt.
Per the company, it is one of the largest soybean technology system launches ever. Enlist E3 soybeans include advanced herbicide tolerance through three action modes. It enables the use of the company’s proprietary Enlist One and Enlist Duo herbicides to provide complete solutions to farmers.
Moreover, Qrome hybrids demonstrated consistent performance and produced high yields by combining top-tier genetics, advanced seed treatments and strong defensive traits. Also, grain produced from Qrome and Enlist E3 soybeans received import authorization from China in January 2019.
Notably, Dow AgroSciences and MS Technologies jointly developed Enlist E3 soybeans. Corteva Agriscience plans to launch more than 20 new technologies, including Enlist E3 soybeans and Qrome corn products, by 2021. It is part of the company’s strategy to expand as well as boost customers’ and shareholders’ value through the combined seed and crop protection pipeline.
DowDuPont’s shares have lost 13.8% in the past six months compared with the Zacks Investment Research
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