Consultant Leaves South American Crop Pegs Unchanged

February 4, 2014 09:00 AM
 

 

 

Crop consultant Dr. Michael Cordonnier has left his estimates of South American corn and soybean production unchanged from last week, but says he has a neutral to lower bias for the Brazilian bean crop due to concerns about recent hot and dry weather.

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
90.0
92.0
86.0
82.0
Argentina
53.5
56.0
50.0
49.5
Paraguay
9.5
10.0
9.0
9.3
Bolivia
2.5
2.7
2.2
2.6
Uruguay
3.2
3.5
2.8
3.0
Total
158.7
164.2
150.0
146.4

Dr. Cordonnier 2013-14
Corn Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
68.5
72.0
66.0
81.0
Argentina
22.5
25.0
20.0
26.5
Paraguay
2.5
2.8
2.1
3.0
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.4
0.5
0.3
0.4
Total
94.6
101.1
89.0
111.6

 


 

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