Consultant Lowers Argentine Corn Estimate Due to Flooding

November 6, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of Argentina's corn area as well as its yield due to wet weather, resulting in a 3.5-MMT cut to his crop estimate. The Brazilian corn estimate was left unchanged but Dr. Cordonnier says there is a greater downside risk for the corn crop than upside potential.

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
72.0
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
97.6
102.7
87.6
96.5

 


 

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