TAGS: Marketing, Overseas
December 18, 2014
South American crop consultant Dr. Michael Cordonnier has left his corn and soybean crop estimates unchanged from last week, but due to the ongoing dry weather pattern, has changed his bias toward the crop to "negative." He says if the dry conditions persist through the end of the month, he will lower his estimates.
|
Dr. Cordonnier 2011-12 Soybean Estimates
|
Est.
|
Maximum
|
Minimum
|
2010-11
|
|
in million metric tons
|
| Brazil |
75.0
|
78.0
|
72.0
|
75.5
|
| Argentina |
53.5
|
55.0
|
50.0
|
49.0
|
| Paraguay |
8.5
|
9.0
|
7.5
|
8.3
|
| Bolivia |
1.8
|
2.1
|
1.6
|
1.6
|
| Uruguay |
1.9
|
2.2
|
1.5
|
1.5
|
| Total |
140.7
|
146.3
|
132.6
|
135.9
|
|
Dr. Cordonnier 2011-12
Corn Estimates
|
Est.
|
Maximum
|
Minimum
|
2010-11
|
|
in million metric tons
|
| Brazil |
63.0
|
64.0
|
59.0
|
57.5
|
| Argentina |
28.0
|
30.0
|
25.0
|
22.5
|
| Paraguay |
2.2
|
2.4
|
1.9
|
2.0
|
| Total |
93.2
|
96.4
|
85.9
|
82.0
|