FARM BUSINESS NEWS
DuPont Lowers 2Q Guidance
Thu Jun 13, 2013 02:07 PM CDT

(Dow Jones) -- DuPont Co. on Thursday warned that the cool, wet spring would hit earnings at its food and agriculture business as farmers returned unplanted seeds.

The company also said full-year operating earnings would be at the low end of existing guidance, reflecting its second-half outlook for a product portfolio that stretches from materials for consumer electronics products to specialty chemicals.

Wet weather has played havoc with the spring planting season in the Northern Hemisphere, but DuPont is the first big supplier to flag the financial impact of farmers being unable to put seeds in the ground.

Farmers increasingly ...

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