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
|
See Comments
