South American crop consultant Dr. Michael Cordonnier says freezing temps in Argentina last week trimmed soybean yield potential in southern Buenos Aires, southern Cordoba, and parts of La Pampa and San Luis. In addition, soybeans in northern Argentina have begun suffering from a lack of moisture during the key pod-setting and pod-filling stages.
|
Dr. Cordonnier 2011-12 Soybean Estimates
|
Est.
|
Maximum
|
Minimum
|
2010-11
|
|
in million metric tons
|
| Brazil |
66.0
|
68.0
|
65.0
|
75.5
|
| Argentina |
45.5
|
47.0
|
44.0
|
49.0
|
| Paraguay |
4.5
|
5.0
|
4.0
|
8.3
|
| Bolivia |
1.7
|
2.0
|
1.4
|
1.6
|
| Uruguay |
1.7
|
2.0
|
1.4
|
1.5
|
| Total |
119.4
|
124.0
|
115.8
|
135.9
|
|
Dr. Cordonnier 2011-12
Corn Estimates
|
Est.
|
Maximum
|
Minimum
|
2010-11
|
|
in million metric tons
|
| Brazil |
58.0
|
62.0
|
55.0
|
57.5
|
| Argentina |
20.0
|
22.0
|
17.0
|
22.5
|
| Paraguay |
1.8
|
2.0
|
1.6
|
2.0
|
| Total |
79.8
|
86.0
|
73.6
|
82.0
|
See Comments