Consultant Lowers Brazilian Bean Crop Estimate

February 14, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of the Brazilian soybean crop by 1 million metric tons (MMT) to 69.0 MMT and warns the estimate could decline further if the weather in Rio Grande do Sul (RGDS) remains dry.

Meanwhile, he left his Brazilian corn crop estimates, as well as his Argentine crop estimates unchanged, saying the Argentine crops have benefited from recent rains.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
69.0
71.0
68.0
75.5
Argentina
47.0
51.0
45.0
49.0
Paraguay
5.5
6.0
4.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
124.9
132.0
120.3
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
58.0
62.0
55.0
57.5
Argentina
20.0
22.0
15.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
86.0
71.6
82.0

 


 

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