STOCK TITAN

Corteva Agriscience Announces Commercial Launch of Optimum® GLY Canola

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Corteva (NYSE: CTVA) announced the commercial launch of Optimum GLY canola, an advanced herbicide-tolerant trait technology, for the 2023 planting season in Canada and the United States. This product will be available through Pioneer and Brevant seed brands. Optimum GLY is designed to enhance weed control and provide flexibility in herbicide applications, improving crop management for farmers. The technology aims to address farm-level challenges while supporting global food security. Demonstration trials will be held in Australia in preparation for a full launch in 2024.

Positive
  • Launch of Optimum GLY canola enhances Corteva's canola portfolio.
  • Advanced herbicide-tolerant technology increases flexibility for farmers.
  • Demonstration trials in Australia indicate future expansion and growth potential.
Negative
  • None.

Proprietary, advanced herbicide trait technology for canola will be available to farmers for 2023 planting season.

INDIANAPOLIS, Feb. 14, 2023 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) today announced plans for the commercial launch of Optimum® GLY canola – an advanced herbicide-tolerant trait technology for canola farmers. In 2023, Optimum GLY canola will be offered for commercial planting in Canada and the United States through Corteva Agriscience seed brands Pioneer® and Brevant® seeds. In Australia it will be showcased in Pioneer brand demonstration trials in preparation for full launch in 2024. Accelerated ramp-up in a broader set of genetic backgrounds and maturities will take place in the coming years.

"We are pleased to launch our Optimum GLY herbicide-tolerant trait technology, which represents a significant advancement to further strengthen Corteva Agriscience's industry-leading canola portfolio and bring new propriety traits to the market," said Chuck Magro, Chief Executive Officer, Corteva Agriscience. "A culmination of years of research and development, Optimum GLY canola is designed to deliver top yield potential and agronomic trait performance for canola farmers, providing them with a greater measure of control over their crops."

Optimum GLY herbicide tolerance is a new, proprietary glyphosate trait technology intended to deliver enhanced weed control and a wider window of herbicide application, compared to first-generation glyphosate trait technology*, so farmers have more choices and flexibility for effective and responsible weed management.

"The launch of Optimum GLY canola builds on Corteva Agriscience's track record of delivering innovations to farmers," added Magro. "This is another solution from our robust pipeline that solves farm-level and field-level specific challenges while helping address global food security."

Farmers in Canada will have access to Optimum GLY herbicide tolerance through spring canola hybrids from both Pioneer and Brevant seeds brand, while farmers in the United States and Australia will have access to the product through the Pioneer brand. Corteva also intends to broadly out-license Optimum GLY herbicide tolerance technology to provide farmers more flexibility and choice of herbicide tolerant canola hybrids.

A rich source of protein and oil low in saturated fats, canola is an important crop to help sustainably meet the global demand for food and energy.

Corteva products are launched in accordance with our product launch policies and Excellence Through Stewardship® Product Launch Guidance.

About Corteva Agriscience

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

Follow Corteva on FacebookInstagramLinkedInTwitter, and YouTube.

* For additional detail, please visit the Optimum® GLY website: https://www.corteva.ca/en/products-and-solutions/seed-traits/optimum-gly.html

™ ®  Trademarks and service marks of Corteva Agriscience and its affiliated companies.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/corteva-agriscience-announces-commercial-launch-of-optimum-gly-canola-301745504.html

SOURCE Corteva, Inc.

FAQ

What is Optimum GLY canola and when will it be available?

Optimum GLY canola is an advanced herbicide-tolerant trait technology that will be available for commercial planting in 2023 in Canada and the United States.

Which brands will offer Optimum GLY canola?

Optimum GLY canola will be offered through Pioneer and Brevant seed brands.

How does Optimum GLY canola benefit farmers?

It provides enhanced weed control and a wider application window for herbicides, allowing farmers more choices and flexibility.

What is Corteva's strategy for Optimum GLY technology?

Corteva plans to broadly out-license the Optimum GLY trait technology to offer farmers more herbicide-tolerant canola hybrids.

Corteva, Inc.

NYSE:CTVA

CTVA Rankings

CTVA Latest News

CTVA Stock Data

42.56B
692.25M
0.09%
85.93%
1.16%
Agricultural Inputs
Basic Materials
Link
United States of America
INDIANAPOLIS