CTVA · 8-K · 20261112PR000031

Macroeconomic Factors Impact

Corteva, Inc. · 2026-11-12 · Importance 46 · Surprise 56

Corteva said Latin American organic sales declined 31% in the third quarter, with Brazil’s challenging market dynamics weighing on results. In Brazil, farmer liquidity constraints, elevated financing costs, just-in-time purchasing and increased pricing pressure produced a significantly softer Crop Protection market than previously anticipated. Latin American volumes fell 24%, which the company attributed partly to elevated channel inventory and delayed purchasing amid farmer liquidity constraints and high interest rates.