J.P. Morgan Predicts Good Year For DD

J.P. Morgan has reported a prediction for a positive year for DuPont DD. According to the report, “DuPont should fare well in its first quarter and in 2011. Its agricultural businesses appear in a good position: US corn inventory ratios are at record lows of 5%. Volume growth should be supported by a 4Mn planting acre increase in U.S. corn (~4% growth) forecast by the USDA. Product pricing should be supported by new product offerings. AcreMax corn seeds should be available for 7-8Mn acres (20-25% of its US corn offerings). DuPont has been increasing share domestically in corn and soy for two years.” DD closed at $53.68 yesterday.