Corteva raises FY23 operating EPS view to $2.80-$3.00 from $2.70-$2.90

FY23 consensus $2.89. Raises FY23 revenue view to $18.6B-$18.9B from $18.1B-$18.4B, consensus $18.49B. The outlook for agriculture remains robust in 2023, with record demand for grain and oilseeds as ending stocks continue to be under pressure. Commodity prices are above historical averages, and farm balance sheets and income levels remain healthy, leading growers to prioritize technology to maximize return. The company expects an increase in U.S. planted area and continues to monitor dynamic weather conditions around the world.