Corteva finished the fiscal year with operating income of $1.8 billion, up from $98 million one year ago. Crop protection sales were up 12 percent and seed sales rose eight percent. In its news release, Corteva officials said Enlist is driving demand. For 2022, the company expects market penetration for the Enlist system to reach at least 40 percent of U.S. soybean acres this year.
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