Consultant Lowers Argentine Crop Pegs

January 14, 2014 09:00 AM
 

 

 

Crop consultant Dr. Michael Cordonnier has lowered his estimates of the Argentine corn and soybean crops due to unfavorable weather. He has adopted a neutral to negative bias toward the crops as hot and dry weather has returned to the country. Meanwhile, he left his Brazilian crop pegs unchanged from last week, but says he has a neutral to negative bias toward the bean crop due to some pockets of dryness developing in central Brazil.

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
90.0
92.0
85.0
82.0
Argentina
54.5
57.0
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
159.7
165.2
149.0
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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