Consultant Raises Brazilian Corn Crop Estimate

March 19, 2013 10:00 AM
 

South American crop consultant Dr. Michael Cordonnier has raised his estimate of Brazil's corn crop by 2 MMT to 74 MMT due to strong start to the safrinha corn crop. After traveling across Mato Grosso earlier this month, Dr. Cordonnier says he was impressed by the amount of second-crop corn and said plant populations were good and the crop was off go a very good start. But after a weekend cold event in Argentina, Dr. Cordonnier says he has developed a negative bias toward the crop.

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
82.0
84.0
80.0
66.5
Argentina
50.0
52.0
47.0
41.0
Paraguay
8.75
9.0
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
144.95
149.8
138.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
74.0
77.0
69.0
72.5
Argentina
24.0
26.0
22.0
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
101.1
106.7
93.6
96.5

 


 

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