Farm Industry News Blog

Seed company updates

Quarterly financial updates from the major seed players

Quarterly reports from the major seed players are out. Here’s an overview:

DuPont says the 2010 North America agricultural seed market share for its Pioneer Hi-Bred business has risen to 35 percent for corn and to 31 percent for the soybean seed market.

Monsanto said net sales for seeds and genomics increased 4 percent, boosted by higher corn and cotton revenues in the United States. The seeds and genomics segment, which the company says will account for the bulk of its business in fiscal year 2011 and beyond, is expected to deliver both single digit unit volume growth and mix improvement.

Syngenta reports global seeds sales increased by 12 percent in the third quarter. Volume increased by 4 percent and prices were 8 percent higher. Sales of corn and soybean seeds were up by more than 20 percent, led by the United States.

At Dow, Health and Agricultural Sciences sales were $948 million, up 19 percent compared with the year-ago period. The company noted volume gains in corn, cotton and soybeans. In both corn and cotton, the business gained share.

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The Farm Industry News Blog features commentary from Willie Vogt, Jodie Wehrspann, Kathy Huting, Lynn Grooms, Daryl Bridenbaugh and Jeff Ryan.

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