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Friday, February 2, 2018

Farmers Dither, Delaying Sales for DowDuPont

(Dow Jones) -- The prospect of another tough year ahead for the US farm economy has crop producers taking their time to ponder what they'll plant and how much, which is likely to delay some first-quarter crop-seed and pesticide sales for chemicals giant DowDuPont, executives say on the company's 4Q earnings call. The recently merged company's agriculture division reported that operating earnings doubled to $224M for 4Q, as DowDuPont extracted savings by scrutinizing supply and service contracts and volume grew for some products. Executive chairman Andrew Liveris tells investors on a conference call that the company sees the agriculture sector continuing to face challenges from low crop prices. Shares slip 0.7% premarket.