Consultant Adopts 'Negative' Bias Toward South American Crops

December 20, 2011 09:00 AM
 

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

 


 

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