July 30 (Reuters) - U.S. agriscience company Corteva ( CTVA )
on Thursday raised it forecast for full-year adjusted
profit, based on strong demand across key crop markets.
The acreage shift toward soybeans and away from corn is
expected to support demand for seed traits, as farmers adjust
planting decisions in response to higher input costs and tighter
margins.
In the second quarter, crop prices were mixed, as corn and
soybeans gained on expectations of reduced U.S. plantings, while
wheat remained under pressure from abundant global supplies.
The company now expects full-year adjusted earnings between
$3.60 to $3.80 per share, up from a prior view of $3.45-$3.70
per share.