Consultant Lowers Argentine Corn and Soybean Estimates Due to Flooding

May 29, 2012 10:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his Argentine corn and soybean crop estimates due to recent flooding. However, he raised his Brazilian corn estimate due to recent beneficial rains for the safrinha crop.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
65.0
66.0
64.5
75.5
Argentina
39.5
42.0
37.0
49.0
Paraguay
4.5
5.0
3.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
112.4
117.0
107.8
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
65.5
67.0
61.0
57.5
Argentina
18.7
22.0
17.0
23.0
Paraguay
1.8
2.0
1.6
2.0
Total
86.0
91.0
79.6
82.5

 


 

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