Consultant Lowers Argentine Soybean Crop Estimate

January 28, 2014 09:00 AM
 

 

 

Crop consultant Dr. Michael Cordonnier has trimmed his estimate of the Argentine soybean crop by 1 MMT to 53.5 MMT due a decline in planted acreage. He expected some of the late-planted corn to be switched to soybeans, but says planting delays caused by the dry weather gave producers time to plant all of their intended corn. As a result, he trimmed his soybean acreage figured by 200,000 hectares to 20.4 million.

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
73.0
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
102.1
89.0
111.6

 


 

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