Dow AgroSciences LLC, a wholly-owned subsidiary of
The Dow Chemical Company
), and MS Technologies LLC have received approval for Enlist E3
soybeans from Canadian regulatory authorities. Enlist E3 soybeans
are a part of the Enlist Weed Control System and are the third
Enlist trait product approved in Canada.
Enlist E3 soybeans have been approved for food, feed, and
environmental release after being evaluated by the Canadian Food
Inspection Agency (CFIA) and Health Canada (HC). Dow and MS
Technologies expect to launch Enlist E3 soybeans in 2015,
provided they get approvals in key export geographies. The
companies are also seeking registrations for Enlist E3 soybean
cultivation in Brazil and other South American countries and the
The Enlist E3 trait stack confers tolerance to 2,4-D,
glyphosate, and glufosinate. Enlist is a next-generation system
that combines innovative herbicides and stewardship and also
provides unique advantage to customers. Enlist E3 soybeans
demonstrate how new technologies can be implemented to speed up
innovation, counter significant weed challenges and improve
yields, which would eventually help farmers remain competitive.
Enlist corn and Enlist soybean traits were approved in Oct
2012. In May 2013, Dow Chemical announced that Health Canada's
Pest Management Regulatory Agency (PMRA) approved its Enlist Duo
herbicide with Colex-D Technology for use in Canada. With the
approval, both components of the Enlist Weed Control System in
corn and soybeans have been approved for use in Canada. Canada is
the first nation to authorize the new herbicide.
Dow reported its first-quarter 2013 results in Apr 2013. The
company's profit soared roughly 33% year over year to $550
million or 46 cents a share on the strength of its agriculture
science business, which witnessed record sales of seeds and crop
protection products. Excluding one-time items, Dow earned 69
cents a share in the quarter, up from 61 cents a year ago,
beating the Zacks Consensus Estimate of 60 cents.
Dow currently holds a Zacks Rank #3 (Hold).
Other companies in the chemical industry having favorable
Zacks rank are
Shin-Etsu Chemical Co., Ltd.
). While Shin-Etsu and Methanex retain a Zacks Rank #1 (Strong
Buy), FMC Corp. has a Zacks Rank #2 (Buy).
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