DuPont’s (DD) agricultural seed unit DuPont Pioneer announced that it has entered into collaboration with DTN/The Progressive Farmer. The collaboration will bring instant weather and market information as well as innovative grain trading capabilities to farmers. The terms of the agreement were undisclosed.
Both entities will come together to provide innovative knowledge in agriculture to the growers. Farmers can take important operational decisions through real time information exchanges provided by the collaboration.
The customers of DuPont Pioneer will be able to select from an exclusive network of weather stations, including those positioned on growers' farms, which provide accurate, real-time local information as well as environmental conditions in other regions.
The data will enable the growers to take accurate decisions for their farming operations. The customers will also have access to DTN/The Progressive Farmer's syndicated premium weather and market content, which will help them in decision making process.
The collaboration will provide the growers with all the requisite tools that they need to make their farming more profitable. It will also increase operational efficiencies while maximizing profits.
DuPont Pioneer and DTN/The Progressive Farmer will work together throughout 2014 and beyond to further boost electronic grain trading capabilities that will link the buyers with sellers with instant information regarding the recent trend in the rapidly changing grain market.
The benefits of the tools provided by the collaboration include targeted price matches, 24/7 price monitoring, electronic hedging and mobile information on offers and market news with the convenience of trading anytime anywhere. This effort will integrate advanced technologies developed by DTN/The Progressive Farmer and Farms Technology, a unit of DuPont Pioneer.
The services will be available to growers through authorized DuPont Pioneer sales representatives who will be instrumental in speeding up data exchange process. This will enable suitable seed, fertilizer and other input purchasing and management decisions with the latest field, market and weather data.
DuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical industry include L'Air Liquide SA (AIQUY), Northern Technologies International Corp. (NTIC) and Methanex Corp. (MEOH). All of them carry a Zacks Rank #1 (Strong Buy).