Corteva, Monsanto reach deal to sell Xtend soybeans under new Brevant brand

Soybean seed containing Monsanto's Roundup Ready 2 Xtend trait

Monsanto and Corteva Agriscience — the newly-named agriculture division of DowDuPont — say they have reached a licensing agreement that clears the way for Corteva to offer Roundup Ready 2 Xtend soybeans under its new Brevant seed brand in Canada.

The non-exclusive, royalty bearing deal also allows Corteva to incorporate the stacked trait that combines tolerance to glyphosate and dicamba in its Mycogen and Dairyland Seed brands in the U.S.

Corteva is combining its Dow Seeds (formerly Hyland and Mycogen), D-Series and Nexera canola brands under the Brevant name in Canada. Pioneer canola, corn and soybean seed will remain under the Pioneer brand and available through the Pioneer dealer network.

“This announcement underscores our commitment to expanding choices for growers to select the appropriate genetic and trait combinations for their farms,” says Mike Dillon, Corteva Agriscience global portfolio leader for soybeans, in a news release on Wednesday. “Corteva Agriscience has one of the broadest herbicide portfolios for soybean weed control in the industry. The additional flexibility to add Roundup Ready 2 Xtend technology to the portfolios of more of our trusted brands allows growers additional options for approved dicamba formulations in their soybean weed management programs.”

“Monsanto’s commitment to broad licensing is unwavering, and this agreement will provide greater grower choice and make the entire industry stronger,” notes Calvin Treat, Monsanto’s global and soy technology lead.

Additional terms of the licensing agreement with Corteva have not been disclosed.

Monsanto anticipated 40 million acres of soybeans containing the Roundup Ready 2 Xtend in 2018.

Formed through the merger of Dow and DuPont in September 2017, Corteva includes the former DuPont Crop Protection, DuPont Pioneeer, and Dow AgroSciences businesses. DowDuPont intends to spin Corteva off as its own independent, publicly-traded company by June 2019.



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