Consultant Lowers Argentine Soybean Crop Peg, Again

April 18, 2012 03:45 AM
 

South American crop consultant Dr. Michael Cordonnier Dr. Michael Cordonnier lowered his estimate of the Argentine soybean crop by 2 million metric tons (MMT) to 43.5 MMT due to continued poor crop conditions, with the problem area now being northern provinces. He left all other estimates unchanged, but says there could still be a slight downward adjustment to the bean crop, while he could raise his Brazilian corn crop estimate if recent rains in Brazil's safrinha (second season) corn production areas continue.
 

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
66.0
68.0
65.0
75.5
Argentina
43.5
46.0
41.0
49.0
Paraguay
4.5
5.0
4.0
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
117.4
123.0
112.8
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
58.0
65.0
55.0
57.5
Argentina
20.0
22.0
17.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
89.0
73.6
82.0

 


 

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