Consultant Leaves South American Crop Estimates Unchanged

January 31, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier is leaving his estimates of the corn and soybean crops unchanged in the region this week, but says there is still more downside risk to the crops than upside potential.

He expects Brazil to plant a record area of safrinha corn acreage. If the weather cooperates, there is a very good probability of a record safrinha corn crop this year, he says

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
70.0
72.0
68.0
75.5
Argentina
49.0
52.0
45.0
49.0
Paraguay
6.0
7.0
5.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
128.4
135.0
121.3
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
15.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
86.0
71.6
82.0

 


 

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