Consultant Lowers South American Crop Estimates, Again

January 10, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his corn and soybean crop estimates for Argentine and Brazil, saying the hot and dry spell has done irreversible damage.

"If we look at all of South America, the total soybean crop now stands at 133.7 million metric tons (MMT), which is now 2.2 MMT less than what was produced last growing season. For the South American corn crop, it is now estimated at 83.8 MMT, which is only 1.8 MMT more than last year. This is a far cry from the start of the growing season when we thought that South America would produce 11 MMT more of corn in 2011-12," says Dr. Cordonnier.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
72.0
75.0
68.0
75.5
Argentina
51.0
53.0
45.0
49.0
Paraguay
7.2
7.5
7.0
8.3
Bolivia
1.8
2.1
1.6
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
133.7
139.6
123.0
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
59.0
62.0
55.0
57.5
Argentina
23.0
26.0
21.0
22.5
Paraguay
1.8
2.1
1.6
2.0
Total
83.8
90.1
77.6
82.0

 


 

Back to news


RELATED CONTENT

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close