Consultant Raises Brazil's Corn Crop Estimate, Again

May 15, 2012 10:00 AM
 

South American crop consultant Dr. Michael Cordonnier has raised his peg of the Brazilian corn crop by 2 million metric tons (MMT) to 64.0 MMT. He also raised the "maximum" and "minimum" estimates by 2 MMT each due to favorable growing conditions for the safrinha crop.

"These rains are occurring at a very beneficial time for the safrinha corn crop as it moves into the grain filling phase," says Dr. Cordonnier.

Dr. Cordonnier left all other estimates unchanged this week.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
65.0
66.0
64.5
75.5
Argentina
40.0
42.0
37.0
49.0
Paraguay
4.5
5.0
3.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
112.9
117.0
107.8
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
64.0
67.0
61.0
57.5
Argentina
19.0
22.0
17.0
23.0
Paraguay
1.8
2.0
1.6
2.0
Total
84.8
91.0
79.6
82.5

 


 

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