Consultant Leaves South American Crop Estimates Unchanged

January 22, 2013 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has left his estimates of South American corn and soybean crops unchanged from last week. He says there have been conflicting reports of the trend of the soybean crop in Brazil, but he says for now, improved conditions across central and northeastern Brazil are offsetting drier conditions in southern Brazil. Meanwhile, he says the soybean crop in Argentina could move lower if dryness continues.

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
81.0
83.0
77.0
66.5
Argentina
53.0
55.0
50.0
41.0
Paraguay
9.0
9.3
8.3
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
147.2
152.1
138.8
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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