Renowned Agricultural Chemicals firm Monsanto Company has entered into new agreements with DuPont and Sumitomo Chemical Company, Ltd. No financial detail was disclosed for either deal.
Agreement with Sumitomo Chemical
Monsanto and Sumitomo Chemical recently inked a new global agreement pertaining to the development and delivery of premium next generation weed control solutions. The innovative solutions would help farmers efficiently manage tough-to-control weeds. The deal would help Monsanto to create new herbicide-tolerant traits using Sumitomo Chemical's new generation Protoporphyrinogen oxidase (PPO) chemistry crop protection products that are strongly productive for balanced weed management.
Per the global agreement, the two companies would jointly work to create a combined system of biotechnology, germplasm and crop protection that would support the formation of a set of new generation weed control solutions. Under this deal, companies would join forces for the development, registration and commercialization related activities for Sumitomo Chemical’s key PPO chemistry, including the aforesaid new generation PPO herbicide. Also, the new PPO herbicide would be available in products offered by either of the two companies.
Agreement with DuPont
Monsanto and DuPont have inked a new licensing agreement for a next-generation soybean technology of Monsanto to equip farmers with more choices. Per the deal, DuPont Pioneer would secure a royalty-bearing license to Intacta RR2 PRO technology in Brazil. The agreement would boost the value of Monsanto’s Intacta RR2 PRO technology that helps in offering new insect controlling options to the farmers. The license is currently subjected to endorsement by Brazilian regulatory authorities and would be issued for customary review.
Moving Forward
After Jun 27, 2016 trading session Monsanto’s stock price stood at $99.98 per share. Year-to-date the stock has surged 14.5% since Apr 1, 2016. Let’s see if such strategic initiatives boost investors’ confidence and benefits the stock in the near term!
Monsanto is slated to report its third-quarter fiscal 2016 results before the opening bell on Jun 29, 2016.
Other Stocks to Consider
Monsanto currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include First Majestic Silver Corp. (AG - Free Report) , Albemarle Corporation (ALB - Free Report) and B2Gold Corp. (BTG - Free Report) . All the three companies currently sport a Zacks Rank #1 (Strong Buy).
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Renowned Agricultural Chemicals firm Monsanto Company has entered into new agreements with DuPont and Sumitomo Chemical Company, Ltd. No financial detail was disclosed for either deal.
Agreement with Sumitomo Chemical
Monsanto and Sumitomo Chemical recently inked a new global agreement pertaining to the development and delivery of premium next generation weed control solutions. The innovative solutions would help farmers efficiently manage tough-to-control weeds. The deal would help Monsanto to create new herbicide-tolerant traits using Sumitomo Chemical's new generation Protoporphyrinogen oxidase (PPO) chemistry crop protection products that are strongly productive for balanced weed management.
Per the global agreement, the two companies would jointly work to create a combined system of biotechnology, germplasm and crop protection that would support the formation of a set of new generation weed control solutions. Under this deal, companies would join forces for the development, registration and commercialization related activities for Sumitomo Chemical’s key PPO chemistry, including the aforesaid new generation PPO herbicide. Also, the new PPO herbicide would be available in products offered by either of the two companies.
Agreement with DuPont
Monsanto and DuPont have inked a new licensing agreement for a next-generation soybean technology of Monsanto to equip farmers with more choices. Per the deal, DuPont Pioneer would secure a royalty-bearing license to Intacta RR2 PRO technology in Brazil. The agreement would boost the value of Monsanto’s Intacta RR2 PRO technology that helps in offering new insect controlling options to the farmers. The license is currently subjected to endorsement by Brazilian regulatory authorities and would be issued for customary review.
Moving Forward
After Jun 27, 2016 trading session Monsanto’s stock price stood at $99.98 per share. Year-to-date the stock has surged 14.5% since Apr 1, 2016. Let’s see if such strategic initiatives boost investors’ confidence and benefits the stock in the near term!
Monsanto is slated to report its third-quarter fiscal 2016 results before the opening bell on Jun 29, 2016.
Other Stocks to Consider
Monsanto currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include First Majestic Silver Corp. (AG - Free Report) , Albemarle Corporation (ALB - Free Report) and B2Gold Corp. (BTG - Free Report) . All the three companies currently sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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