We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dow Chemical (DOW) to Launch Enlist Corn in U.S. and Canada
Read MoreHide Full Article
The Dow Chemical Company (DOW - Free Report) declared that it will launch Enlist corn in the U.S. and Canada for the 2018 growing season. This will enable farmers to maximize the yield by controlling weeds. The move came after the Ministry of Agriculture of the People’s Republic of China approved the import of grain made from corn containing the Enlist trait.
Enlist corn, one of the biggest advanced technology opportunities in Dow’s history, is part of the suite of products in the Enlist system developed by Dow AgroSciences, a fully-owned unit of Dow Chemical. The technology is designed to manage resistant and hard-to-control weeds.
Enlist Duo, the companion herbicide for use with Enlist corn, cotton and soybeans, is a highly differentiated and effective solution. Dow AgroSciences has optimized Enlist Duo for on-target application using proprietary Colex-D technology. Colex-D technology reduces the potential for physical drift and provides near-zero volatility.
Enlist corn will be sold as SmartStax Enlist and PowerCore Enlist hybrids in the U.S. and Canada, making it the leading weed and insect control packages in the industry. This technology will also be licensed for the use of other seed companies.
Dow AgroSciences is also awaiting final import approvals post which it will consider the full commercialization of Enlist soybeans and Enlist E3 soybeans for the 2018 season.
Dow Chemical has outperformed the Zacks categorized Chemicals-Diversified industry over the past six months. The company’s shares have moved up around 10.5% over this period, compared with roughly 9.6% gain recorded by the industry.
Dow Chemical is witnessing signs of positive economic momentum globally, amid sustained geopolitical risks and volatility. The company is also seeing early signs of gradual improvements in consumer-led markets in Latin America. The company believes that the strength of its portfolio along with its focus on consumer-led markets will continue to bode well.
The company should gain from its productivity management actions as well as focus on consumer-led markets. Dow Chemical is also likely to benefit from cost synergies associated with Dow Corning Silicones business and its strategic investments in the U.S. Gulf Coast and the Middle East. The planned merger with DuPont (DD - Free Report) is also expected to create significant synergies.
However, Dow Chemical’s agriculture business remains affected by weak crop commodity prices and depressed demand in North America. The company also faces feedstock cost pressure and headwinds associated with higher start-up and maintenance costs.
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dow Chemical (DOW) to Launch Enlist Corn in U.S. and Canada
The Dow Chemical Company (DOW - Free Report) declared that it will launch Enlist corn in the U.S. and Canada for the 2018 growing season. This will enable farmers to maximize the yield by controlling weeds. The move came after the Ministry of Agriculture of the People’s Republic of China approved the import of grain made from corn containing the Enlist trait.
Enlist corn, one of the biggest advanced technology opportunities in Dow’s history, is part of the suite of products in the Enlist system developed by Dow AgroSciences, a fully-owned unit of Dow Chemical. The technology is designed to manage resistant and hard-to-control weeds.
Enlist Duo, the companion herbicide for use with Enlist corn, cotton and soybeans, is a highly differentiated and effective solution. Dow AgroSciences has optimized Enlist Duo for on-target application using proprietary Colex-D technology. Colex-D technology reduces the potential for physical drift and provides near-zero volatility.
Enlist corn will be sold as SmartStax Enlist and PowerCore Enlist hybrids in the U.S. and Canada, making it the leading weed and insect control packages in the industry. This technology will also be licensed for the use of other seed companies.
Dow AgroSciences is also awaiting final import approvals post which it will consider the full commercialization of Enlist soybeans and Enlist E3 soybeans for the 2018 season.
Dow Chemical has outperformed the Zacks categorized Chemicals-Diversified industry over the past six months. The company’s shares have moved up around 10.5% over this period, compared with roughly 9.6% gain recorded by the industry.
Dow Chemical is witnessing signs of positive economic momentum globally, amid sustained geopolitical risks and volatility. The company is also seeing early signs of gradual improvements in consumer-led markets in Latin America. The company believes that the strength of its portfolio along with its focus on consumer-led markets will continue to bode well.
The company should gain from its productivity management actions as well as focus on consumer-led markets. Dow Chemical is also likely to benefit from cost synergies associated with Dow Corning Silicones business and its strategic investments in the U.S. Gulf Coast and the Middle East. The planned merger with DuPont (DD - Free Report) is also expected to create significant synergies.
However, Dow Chemical’s agriculture business remains affected by weak crop commodity prices and depressed demand in North America. The company also faces feedstock cost pressure and headwinds associated with higher start-up and maintenance costs.
Dow Chemical Company (The) Price and Consensus
Dow Chemical Company (The) Price and Consensus | Dow Chemical Company (The) Quote
Zacks Rank & Stocks to Consider
Dow Chemical currently carries a Zacks Rank #3 (Hold).
Some top-ranked stocks in the chemical space include The Chemours Company (CC - Free Report) and Kronos Worldwide, Inc. (KRO - Free Report) . Both the companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has expected long-term growth of 15.5%.
Kronos has expected long-term growth of 5%.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>