Consultant: Brazilian Bean Crop Worse Than Expected

March 6, 2012 08:54 AM
 

South American crop consultant Dr. Michael Cordonnier is currently in Brazil and after traveling through Rio Grande do Sul, Santa Catarina, Parana, Mato Grosso do Sul and southern Mato Grosso, his assessment of the soybean crop is "worse than anticipated."

Dr. Cordonnier has left his South American crop production estimates unchanged, but says his Brazilian bean estimate could be 1 million metric tons (MMT) to 2 MMT too high. He still has more crop to evaluate, however, before altering his estimates.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
68.0
70.0
66.0
75.5
Argentina
47.0
49.0
45.0
49.0
Paraguay
5.0
6.0
4.0
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
123.4
129.0
117.8
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
16.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
86.0
72.6
82.0

 


 

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