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Corteva, Inc. (CTVA) 21st Annual Global Farm to Market Conference May 14, 2026 11:00 AM EDT
Company Participants
Charles Magro - CEO & Director
David Johnson - Executive VP & CFO
Conference Call Participants
Joel Jackson - BMO Capital Markets Equity Research
Presentation
Joel Jackson
BMO Capital Markets Equity Research
All right. Our next fireside is going to be with Corteva. We have Chuck and we have David for a fireside chat. Please submit questions on the app. We're at a very interesting time for Corteva. They're expecting to split -- are going to split up later this year. The seed company is going to be Vylor. Corteva is going to be New Corteva and happy to have the team here.
Question-and-Answer Session
Joel Jackson
BMO Capital Markets Equity Research
So Chuck, Dave, why don't we maybe just do a state of the union, what's going on at Corteva and looking into the breakup later this year?
Charles Magro
CEO & Director
Okay. Well, hi, everyone. Nice to see you all. Hopefully, you're having a good conference. Let's start with the quarter. Overall, we were very pleased with the first quarter. We saw double-digit growth and growth basically across the board when it comes to both businesses, Crop Protection and Seed. And I'd say a pretty clean growth when it comes to price volume, we also have good mix improvement, lower costs.
So overall, in almost every region of the world, we're seeing very good growth. We held our guide. I think that's important. We don't typically raise our guide in Q1, and we're feeling very comfortable at the $4.1 billion. I'd say the agricultural backdrop is still relatively mixed. Really good growth in demand when it comes to grains and oilseeds. Even for biofuels, which will be a record demand again in 2026 versus 2025 and 2025 was a record. So
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