Consultant Lowers Brazil's Corn Crop Estimate

November 27, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of Brazil's corn crop by 1 MMT to 71 MMT due to dry weather that is impacting the full-season crop in southern Brazil and the possibility of delayed planting of the safrinha corn crop. Dr. Cordonnier left his Brazilian soybean crop estimate unchanged, saying he has a "neutral" bias toward the crop right now. He also maintains a neutral bias toward the corn and soybean crops in Argentina, but says weather during December will be critical for both crops.

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
80.0
83.0
75.0
66.5
Argentina
56.0
58.0
52.0
41.0
Paraguay
9.0
9.5
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
149.2
155.3
138.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
71.0
73.0
65.0
72.5
Argentina
22.5
26.0
20.0
21.0
Paraguay
2.0
2.4
1.7
1.9
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.4
0.5
0.3
0.4
Total
96.6
102.7
87.6
96.5

 


 

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