Consultant: Argentine Soybean Crop Keeps Getting Smaller

April 25, 2012 06:03 AM
 

South American crop consultant Dr. Michael Cordonnier says the "never ending cycle of bad news" just keeps coming regarding the Argentine soybean crop. He reduced his crop estimate by 2 million metric tons (MMT) to 41.5 MMT and also cut his minimum estimate by 4 MMT to 37 MMT. He says, "I think the crop will end up closer to 37 MMT than 41.5 MMT."
 

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
41.5
44.0
37.0
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
115.4
121.0
108.8
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
58.0
65.0
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
89.0
73.6
82.0

 


 

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