FMC and Corteva Sign Strategic Supply Agreement
FMC (FMC) and Corteva (CTVA) announced a co-exclusive strategic supply and license agreement that will expand access to FMC's rimisoxafen technology across North and South America corn and soybean markets. This collaboration will enable more growers across the Americas to control herbicide-resistant weeds, including Amaranthus species with this dual mode of action herbicide technology. Under the terms of the agreement, which extends through the next decade, FMC retains all rights of ownership to rimisoxafen and will supply Corteva with the active ingredient. Both companies will develop and commercialize their own exclusive premix formulations for the corn and soybean markets across North and South America, while FMC will continue to develop additional rimisoxafen-based products for other crops and geographies globally. Corteva will make an initial prepurchase payment of $200 million USD for product to be supplied by FMC. Together, both companies are committed to ensuring broad availability of this innovative technology and rapid adoption, supporting growers with durable weed management solutions for years to come. Additional terms of the agreement were not disclosed.
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- Strategic Supply Agreement: FMC's co-exclusive agreement with Corteva will expand access to FMC's rimisoxafen technology in the corn and soybean markets across the Americas, enhancing competitive positioning.
- Market Expansion Plan: Under the deal, FMC will continue to develop rimisoxafen-based products while Corteva commits to an initial $200 million pre-purchase, ensuring collaboration over the next decade.
- Technological Innovation: The technology targets herbicide-resistant weeds, particularly the Amaranthus species, which poses a significant challenge in the global soybean market, aiming to boost farmers' productivity and profitability.
- Industry Impact: FMC's CMO stated that this agreement will enable more growers across the Americas to access this innovative herbicide technology, effectively managing resistant weeds that threaten their productivity.
- Strategic Partnership: FMC and Corteva's strategic supply and license agreement will expand the application of rimisoxafen technology across North and South American corn and soybean markets, significantly enhancing farmers' ability to combat herbicide-resistant weeds, particularly the Amaranthus species, which poses a major threat to soybean crops.
- Market Potential Unlocked: Corteva's initial $200 million pre-purchase payment for rimisoxafen ensures a steady supply, and the introduction of this innovative technology is expected to help farmers improve productivity and profitability, reflecting both companies' confidence in future market demand.
- Dual Mode of Action: Rimisoxafen's dual mode of action creates a significantly higher barrier to resistance development, effectively managing multiple-resistant weeds like palmer amaranth and waterhemp, which cost farmers billions in lost yields annually.
- Future Outlook: Over the next decade, FMC plans to continue developing additional rimisoxafen-based products, further solidifying its core position in global agricultural innovation while promoting rapid adoption of this technology to meet long-term farmer needs.
- Strategic Collaboration: FMC and Corteva have signed a ten-year strategic supply and license agreement aimed at expanding the application of rimisoxafen technology in the corn and soybean markets across the Americas, enhancing the competitiveness of both companies' herbicide portfolios.
- Market Demand Response: This agreement will enable more growers to effectively control herbicide-resistant weeds, particularly the Amaranthus species, which poses a significant challenge in the global soybean market, thereby improving farmers' productivity and profitability.
- Initial Prepurchase Payment: Corteva will make an initial prepurchase payment of $200 million to FMC to secure the supply of rimisoxafen, a move that not only provides Corteva with a new growth opportunity but also lays the groundwork for FMC's innovation pipeline.
- Dual Mode of Action: Rimisoxafen has been recognized as the industry's first dual mode of action herbicide, significantly increasing the barrier to resistance development, with commercial sales anticipated within the next decade, helping farmers combat the economic losses caused by multiple resistant weeds.
- Executive Speaking Engagement: FMC Corporation's Chairman and CEO Pierre Brondeau, along with CFO Andrew Sandifer, will speak at the Wolfe Research 3rd Annual Materials of the Future conference on June 17, 2026, at 9:15 a.m. ET, highlighting the company's leadership in agricultural sciences.
- Live Webcast Available: The conference will feature a live webcast on FMC's official website, allowing investors and the public to gain real-time insights into the company's strategies and future directions, thereby enhancing transparency and investor confidence.
- Company Mission and Vision: FMC is dedicated to helping growers produce food, feed, fiber, and fuel in a changing environment, emphasizing its commitment to innovation and sustainability in the global agricultural sciences sector.
- Innovative Solutions: FMC's crop protection solutions encompass biologicals, crop nutrition, digital, and precision agriculture, aimed at assisting growers in economically addressing challenges while protecting the environment, reflecting the company's commitment to sustainable agriculture.
- Executive Speaking Engagement: FMC Corporation's Chairman and CEO Pierre Brondeau, along with CFO Andrew Sandifer, will speak at the Wolfe Research 3rd Annual Materials of the Future conference on June 17, 2026, at 9:15 a.m., highlighting the company's leadership in agricultural sciences.
- Live Webcast Availability: The conference will feature a live webcast accessible to investors via FMC's official website www.fmc.com/investors, enhancing interaction and transparency between the company and its investors.
- Mission Statement Emphasis: FMC is dedicated to helping growers produce food, feed, fiber, and fuel in a changing environment, underscoring its commitment to innovation and sustainability in the global agricultural sciences sector.
- Promotion of Innovative Solutions: FMC's crop protection solutions, which include biologicals, crop nutrition, and digital agriculture, aim to assist farmers in economically addressing challenges while protecting the environment, showcasing the company's dedication to sustainable agriculture.
- Oversold Indicator Analysis: FMC Corp.'s Relative Strength Index (RSI) has dropped to 29.3, below the oversold threshold of 30, indicating that recent selling pressure may be waning, thus providing potential buying opportunities for investors.
- Stock Price and Dividend Yield: With FMC's current share price at $11.44 and an annual dividend of $0.32, the yield based on a $12.19 share price stands at 2.63%, making it attractive for dividend-seeking investors.
- Market Comparison Analysis: Compared to the average RSI of 50.6 for dividend stocks covered by Dividend Channel, FMC's significantly lower RSI suggests underperformance in the market, potentially drawing interest from value investors.
- Importance of Dividend History: While dividends are not always predictable, analyzing FMC's dividend history can assist investors in assessing the likelihood of future dividend sustainability, enabling more informed investment decisions.









