Consultant Lowers Brazilian Soybean Crop Estimate

March 14, 2012 04:10 AM
 

South American crop consultant Dr. Michael Cordonnier says the Brazilian bean crop is a big disappointment due to the return of dry weather over southern Brazil. He has lowered his Brazilian bean crop estimate by 1 million metric tons (MMT) from last week to 67.0 MMT.

Meanwhile, Dr. Cordonnier says a lot of safrinha (second season) corn is being planted. While the condition of the safrinha corn crop is generally very good right now, he warns that this is a risky crop as yields can be reduced significantly if conditions turn dry.

In Argentina, Dr. Cordonnier reports recent rains are beneficial for late-maturing soybeans and late-planted corn. He left his Argentine soybean and corn crop estimates unchanged.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
67.0
69.0
65.0
75.5
Argentina
47.0
49.0
45.0
49.0
Paraguay
5.0
6.0
4.0
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
122.4
128.0
116.8
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
16.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
86.0
72.6
82.0

 


 

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