) cheered the news of gaining more than a point in the North
American corn market share driven by its Pioneer seed business'
strong performance. The higher market share was also aided by
healthy 2013 harvest results stemming from a competitive product
lineup and innovative Decision Services.
Industry-leading agronomic and technical support and the Pioneer
brand products helped Pioneer business to deliver sales growth of
11% year-to-date through September and strong yield performance
on growers' farms.
DuPont's decisions of right product selection, right acre
approach to developing, and testing and placing seed has been
helping the company to increase its corn market share in North
America since 2008. The new hybrid genetic products in the
Pioneer corn product lineups include Pioneer brand Optimum
AQUAmax corn products, Optimum AcreMax insect control products
and new T Series soybeans.
In 2013, AQUAmax corn hybrids were planted on 7 million acres and
it continued its performance through all seasons. AQUAmax corn
hybrids were tested in an unprecedented 23,000 on-farm
yield comparisons in their third year of sales, which further led
to a rise in the demand expectation for the product (to exceed 10
million acres in 2014).
Coming to the AcreMax family of corn products, it continued its
growth in 2013. These AcreMax corn products are expected to
encompass about two-thirds of corn unit sales in 2014.
Pioneer brand T Series soybeans, introduced in 2013, demonstrated
strong performance yield for growers. In 2014, fifty three new
types of advanced T series soybeans are expected to comprise
about one-third of North America soybean volume. Thirteen
varieties of advanced T Series will carry the Genuity Roundup
Ready 2 Yield trait after it passes the local testing in IMPACT
DuPont Pioneer has also extended latest agronomy and Decision
Services to crop grower by expanding field services team and
utilization of new technologies. The Decision Services provided
by Pioneer have helped crop growers to maximize profits and
minimize risk, while improving farm operation sustainability
through science, technology and customer knowledge.
Decision Services will play a crucial role as they continue to
deliver genetic and agronomic expertise along with analytic
capabilities and technology to the crop growers in their
year-around production and farm management services.
DuPont currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are
Asahi Kasei Corp.
). While both Asahi Kasei and Methanex carry a Zacks Rank #1
(Strong Buy), PPG Industries retains a Zacks Rank #2 (Buy).
ASAHI KASEI CP (AHKSY): Get Free Report
DU PONT (EI) DE (DD): Free Stock Analysis
METHANEX CORP (MEOH): Free Stock Analysis
PPG INDS INC (PPG): Free Stock Analysis
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