Consultant Further Trims Brazil's Corn Crop Estimate

December 4, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of Brazil's corn crop by 1 MMT to 70 MMT due to lingering dryness in southern growing areas. Meanwhile, he also left his estimates of Argentina's corn and soybean crops unchanged from last week, but says he maintains a slightly negative bias toward both crops due to the excessively wet weather pattern.

 

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
56.0
58.0
52.0
41.0
Paraguay
9.0
9.5
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
149.2
155.3
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
26.0
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
102.7
87.6
96.5

 


 

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