Consultant Lowers Argentine Crop Estimates, Brazil Bean Peg

January 3, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his corn and soybean crop estimates for Argentine, along with the Brazilian bean crop estimate. However, he left his Brazil corn estimate unchanged.

Dr. Cordonnier notes stressful growing conditions in Argentina and also says about 20% of the corn and 19% of intended soybean Argentina acres have not yet been planted and the ideal planting window closes in two weeks.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
73.0
75.0
69.0
75.5
Argentina
52.0
54.0
45.0
49.0
Paraguay
7.7
8.0
7.0
8.3
Bolivia
1.8
2.1
1.6
1.6
Uruguay
1.9
2.2
1.5
1.5
Total
136.4
141.3
124.1
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
60.0
62.0
55.0
57.5
Argentina
25.0
27.0
21.0
22.5
Paraguay
2.2
2.4
1.9
2.0
Total
87.2
91.4
77.9
82.0

 


 

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