Consultant Raises Argentine Corn Estimate

December 13, 2011 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has raised his estimate of the Argentine corn crop by 1.5 million metric tons (MMT) from last week due to favorable weekend rains. He says the next 15 days will be critical for the crop, and if a hot/dry weather pattern returns, the increase in yield may have to be reversed.

Dr. Cordonnier left his Brazilian estimates, as well as his Argentine bean crop estimate unchanged.

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
49.0
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
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
63.0
64.0
59.0
57.5
Argentina
28.0
30.0
25.0
22.5
Paraguay
2.2
2.4
1.9
2.0
Total
93.2
96.4
85.9
82.0

 


 

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