soybean update
TRANSCRIPT
Purpose
Overview of how we organize our efforts to help growers be successful What’s behind the Pioneer® brand T Series Research direction Critical role of Plenish® high oleic soybeans in the overall marketplace Answer your questions
What Makes a T Series Soybeans Unique?
PRODUCE YIELD Strong genetics Accelerate yield gain
PROTECT YIELD Through the challenges and
specific conditions of growers’ fields Strong suite of native
defensive traits
Intense LOCAL TESTING Product knowledge
Agronomic knowledge
DELIVERED LOCALLY Right Product Right Acre
Novel integration of a proprietary matrix of molecular breeding technologies into the product development process
How it works
• Employs leading technologies to identify superior gene combinations in early development
• Screens and sorts every inbred before field testing
AYT™ System: Increased Yield GainReduced Yield Variability
Improved Predictability
The DuPont Oval Logo is a registered trademark of DuPont. ®, SM, TM Trademarks and service marks of Pioneer. ©2013 PHII
World-class breeding program
Producing the High Yield Potential
2013 Soybean On-farm Performance
Improved competitive yield performance in 2013 Pioneer® brand T Series soybeans demonstrated improved yield potential and outperformed
the competition 53 T Series varieties expected to make up about a third of North America soybean volume in 2014 Successful local testing in IMPACT™ trials resulted in 13 new products with the
Genuity® Roundup Ready 2 Yield® trait expected to represent about 5% of soybean volume in 2014 Exciting future classes advancing towards commercialization
Source: 2013 DuPont Pioneer on-farm trial database as of October 31, 2013. Customer comparisons based on 2013 yield results including data from weigh wagon, yield monitor and PKP trials for all Pioneer® brand varieties compared against all competitors. Individual results may vary. All data weighted by comparison within 3RM. Product performance is variable and subject to any number of environmental, disease and pest pressures.
Accelerating Total Soybean Performance with T Series
Molecular Markers for Key Regional Defensive Traits
Protecting the High Yield Potential
SOUTHWEST• Cyst Nematode
• Phytophthora
• Charcoal Rot
• Iron Chlorosis
SOUTHEAST• Cyst Nematode (88788 & Hartwig)
• Phytophthora
• Root Knot Nematode
• Stem Canker
• Frogeye Leafspot
• Salt Tolerance
• Charcoal Rot
EAST & NORTHEAST
• Phytophthora
• Cyst Nematode
• Aphid
• Brown Stem Rot
CENTRAL• Brown Stem Rot
• Phytophthora
• Cyst Nematode (88788 & Peking)
• Frogeye Leafspot
• Aphid
WEST• Charcoal Rot
• Phytophthora
• Iron Chlorosis
• Cyst Nematode
NORTH & NORTHWEST
• Iron Chlorosis
• Phytophthora
• Cyst Nematode (88788 & Peking)
• Brown Stem Rot
• Aphid
Charcoal Rot Soybean Aphids
Soybean Cyst Nematode
Phytophthora Root Rot
Asian Soybean RustSudden Death
Syndrome
COMMON SOYBEAN DISEASES
Powering Up Native Genes Valuable native plant characteristics leading to new traits.
Native gene solutions are being actively explored
Carman, MB
Volga, SD
Stoneville, MS
Kinston, NC
Redwood Falls, MN
Moorhead, MN
Algona, IADallas Center, IA
Lawrence, KS
Princeton, ILNapoleon, OH
Mascoutah, IL
West Memphis, AR
Champaign, IL
Woodstock, Ont
Expand local breeding and testing.
Increasing Soybean Research Focus
Stromsburg, NE
Soybean Research GrowthStoneville, MS
Facility completed March 2013
Focus on Maturity Groups 4 & 5
Steady pipeline of products for the Delta and Southeast
AYT-1
Soybean Research GrowthStromsburg, Neb.
Research Focus: Genetics: mid-Group 2 to mid-Group 3 Agronomic & disease traits: Soybean Cyst Nematode, Sudden Death Syndrome,
White Mold, Iron Deficiency Chlorosis
Improved “Testing Power”
IMPACT™ Trials – Working with our Customers Local testing Multi-year on-farm testing Customer involvement
T Series Products Introduced for 2014
44 new T Series products New choices across seven maturity groups Enables true Right Product Right Acre approach Highlights:
• 24 varieties carry the Roundup Ready® gene.• 13 varieties with the RR2Y gene• 4 new Plenish® high oleic varieties.• 3 new products with the LibertyLink® gene. • 2 new varieties with the Roundup Ready/STS® gene stack.• 30 products are SCN resistant.• 35 products carry a major Phytophthora resistant gene.
Robust Ag Pipeline is Growing Even Stronger
2008
Pre-Launch(Phase 4)
Advanced Development
(Phase 3)
Lepidopteran/Coleopteran Protection DP 4114
Soybean – Aphid ProtectionCanola – Optimum® GLY Trait
Canola – LibertyLink® Trait
Lumigen™ and Dermacor® Seed Treatment Technologies (Insect Control)
Soybeans – Asian Soybean Rust Resistance IHighly active oomycete control, new mode of action
Lumigen™ Seed Treatment Technologies (Disease Control)
Optimum® Leptra™ hybrids
Pioneer® brand soybeans with the Genuity® Roundup Ready 2 Yield® trait
Launch
Soybean – Multiple MOA Weed Control
Auxin traits Roundup Ready 2 Xtend herbicide tolerance Enlist herbicide tolerance
• Pioneer has access to these traits. Timing of introduction is subject to regulatory approvals
Next generation SU tolerance Enables higher use rates and wider application window for direct
application of SU chemistries Crop rotation flexibility following SU herbicides Another tool to manage weed resistance Limited launch in 2015, pending field testing
LibertyLink herbicide tolerance Pioneer has and will continue to offer products with the
LibertyLink® trait
Pioneer® brand soybeans with the Roundup Ready 2 Xtend® technology will not be offered for sale or distribution until completion of field testing and full regulatory approval.
A 15-20 Million Acre Market
Plenish® High Oleic SoyThe Re-Invention of Soybean Oil
Very High Stability Without Hydrogenation Improved Health Profile
• 0g of Trans Fats (Even more critical with FDA’s Nov 7th announcement on GRAS status of PHO)
• ~75% heart healthy Oleic fatty acid• 20 percent less saturated fat than commodity
soybean oil Enhanced functionality with higher heat stability
for frying and improved shelf life Large new markets in non-food applications Solid yield and agronomics
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10
20
30
40
50
60Bu/Acre
Plenish® High Oleic Soybean 3 Year Yield Data Summary
Source: Pioneer research plot yield data from 346 observations in Indiana and Ohio depicting an average yield on Plenish® high oleic soybean commercial varieties compared to average yield of Pioneer® brand elite soybean checks in 2011 – 2013.
Plenish® High Oleic Soybeans Pioneer® brand elite soybeans
57.1 57.4
Plenish® High Oleic Soybean Yield Performance on Par with Elite Pioneer® Brand Soybean Varieties Most advanced genetics from DuPont Pioneer Strong defensive trait package
• Soybean Cyst Nematode (SCN) resistance• Phytophthora resistance and/or Phytophthora tolerance• Good tolerance to Sudden Death Syndrome (SDS)
Stable fatty acid profile even with significant weather stress
Partnerships representing ~ 70% of U.S. soybean processing capacity
* Industry estimate, total high oleic soy category
2014 Processor Programs
Delphos, OHBellevue, OHDecatur, IN
Salisbury, MD
Sidney, OH
Frankfort, IN
The Big Players are Engaged
The Four Pillars of T Series Soybeans
PRODUCE YIELD
PROTECT YIELD
INTENSE TESTING
LOCAL EXPERTISE
G R O W E R S