Corteva Says Brazil Market Conditions Deteriorated Sharply In Final Weeks Of Q3, Negative Trend Continues

Nov 12 (Reuters) - Corteva, Inc. CTVA.N:

• CORTEVA SAYS BRAZIL MARKET CONDITIONS DETERIORATED SHARPLY IN FINAL WEEKS OF Q3, NEGATIVE TREND CONTINUES - CONF CALL

• CORTEVA SAYS ENTERED 2026 WITH MORE OF ITS OWN INVENTORY IN THE CHANNEL THAN EXPECTED - CONF CALL

• CORTEVA SAYS EL NINO PATTERNS, HIGH INTEREST RATES AND FOREIGN EXCHANGE MADE BRAZIL EVEN MORE CHALLENGING - CONF CALL

• CORTEVA SAYS NOT ASSUMING ANY MEANINGFUL IMPROVEMENT IN PURCHASING BEHAVIOR IN BRAZIL FOR REST OF 2026 - CONF CALL

• CORTEVA SAYS INVENTORY LEVELS IN BRAZIL WILL BE AT MORE ACCEPTABLE LEVEL BY END OF GROWING SEASON, BUT WILL WEIGH ON Q4 RESULTS

• CORTEVA SAYS CO WILL NOT DUMP EXCESS BRAZIL INVENTORY INTO NORTH AMERICA OR EUROPE - CONF CALL

• CORTEVA SAYS CO CURRENTLY HAS A HIRING FREEZE IN PLACE TO MANAGE COSTS - CONF CALL

• CORTEVA SAYS CERTAIN RESEARCH AND DEVELOPMENT PROJECTS WILL BE PUT ON SHELF FOR A YEAR TO FOCUS NEAR-TERM SPEND - CONF CALL

• CORTEVA SAYS UNWILLING TO EXTEND PAYMENT TERMS OR OFFER CREDIT TO PAST-DUE BRAZIL DISTRIBUTORS - CONF CALL

• CORTEVA CEO SAYS HE EXPECTS THE BUSINESS TO RETURN TO GROWTH IN 2027 - CONF CALL

• CORTEVA SAYS 2H27 SHOULD OUTPERFORM 2H26 IF BRAZIL INVENTORY OVERHANG CLEARS - CONF CALL

Further company coverage: CTVA.N