Consultant Maintains Positive Bias Toward Brazil Crops

November 9, 2011 01:22 AM
 

South American crop consultant Dr. Michael Cordonnier has left his estimates of the South American corn and soybean crops unchanged, but says he has a positive bias toward the Brazilian crops and a neutral bias toward Argentine crops.

Thanks to an active weather system, producers have been encouraged to keep planting crops in South America, but Dr. Cordonnier warns there could be a shortage of top-tier corn hybrids for the safrinha corn crop in Brazil.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
75.0
78.0
72.0
75.5
Argentina
53.5
55.0
50.0
49.5
Paraguay
8.5
9.0
7.5
8.3
Bolivia
1.8
2.1
1.6
1.6
Uruguay
1.9
2.2
1.5
1.5
Total
140.7
146.3
132.6
136.4

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
63.0
64.0
59.0
57.0
Argentina
26.5
28.0
23.0
22.0
Paraguay
2.2
2.4
1.9
2.0
Total
91.7
94.4
83.9
81.0

 


 

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