Consultant Leaves South American Crop Estimates Unchanged

January 8, 2013 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier left his Brazilian soybean crop estimate unchanged from last week at 80 MMT but says it could climb to near 82 MMT if the weather pattern turns wetter in central and northeastern Brazil. He also left his Brazilian corn estimate unchanged and says the full-season corn is southern Brazil is doing very well, but is concerned about dry weather in central and northeastern Brazil.

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
80.0
83.0
75.0
66.5
Argentina
54.0
56.0
52.0
41.0
Paraguay
9.0
9.3
8.3
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
147.2
153.1
138.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
70.0
73.0
65.0
72.5
Argentina
22.5
25.0
20.0
21.0
Paraguay
2.0
2.4
1.7
1.9
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.4
0.5
0.3
0.4
Total
95.6
101.7
87.6
96.5

 


 

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