...August 20, 2024 We expect volume improvement and pricing gains in the company's seed business and an end to destocking in crop protection will result in modest EBITDA growth in 2024. Corteva Inc. is the second-largest seed company globally, with leading positions in corn and soybeans. The company is also well-positioned in the crop protection market and has a promising pipeline of new products. For example, about 65% of U.S. soybean acres are now planted with Corteva's Enlist seed technology, a number we expect to rise as the platform gains share. We believe the strength of the company's seed brands and technology will result in low-single-digit percent pricing in 2024, although weakness in agricultural commodity prices and a decline in farmer income could cap pricing/volume in 2025. In crop protection, we expect mid-teens percent volume growth in the second half of 2024 following a period of high channel inventory, partially offset by lower pricing (down mid-single-digit percent) from...
