- Agriculture technology company Origin Agritech Ltd (NASDAQ:SEED) has signed a contract planting agreement with farming company Sichuan Yingdafeng Agriculture Tech Co Ltd.
- Under the terms of the agreement, Sichuan Yingdafeng will grow 100,000 mu (or 16,500 acres) of Origin’s NEC corn for the 2023 growing season.
- Origin will provide the seed and planting support services and has guaranteed to purchase the corn.
- The corn will be sold to feedstock companies and hog farmers.
- Price Action: SEED shares are trading higher by 2.50% at $11.71 on the last check Thursday.
Holley Analysts Raise Their Forecasts After Better-Than-Expected Q2 Results
Holley Inc. (NYSE: HLLY) reported strong earnings for the second quarter and raised its FY23 guidance.
