Consultant Maintains Negative Bias on Brazilian Bean Crop

February 28, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has left his South American crop estimates unchanged from last week, but says he maintains a slightly negative view on the Brazilian bean crop. He says rain that fell this past weekend are better late than never, but significant damage had already been done to the soybean crop in southern Brazil before the weekend rains.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
68.0
70.0
66.0
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
123.4
129.0
117.8
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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