Consultant Raises Argentine Soybean Crop Peg

March 11, 2014 10:00 AM
 

 

 

South American Crop Consultant Dr. Michael Cordonnier increased his estimate of the Argentine soybean crop by 500,000 MT from last week to 54 MMT. He says relatively favorable weather in February aided the late-planted double-crop soybeans. He continues to have a neutral to higher bias toward the crop. Additionally, he lowered his estimate of the Paraguay soybean crop by 1 MMT to 8 MMT due to hot and dry conditions during the critical pod-filling stage.

 

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
87.0
89.0
85.0
82.0
Argentina
54.0
56.0
52.0
49.5
Paraguay
8.0
8.5
7.5
9.3
Bolivia
2.5
2.7
2.2
2.6
Uruguay
3.2
3.5
2.8
3.0
Total
154.7
159.7
149.5
146.4

Dr. Cordonnier 2013-14
Corn Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
68.5
72.0
66.0
81.0
Argentina
23.5
25.0
21.5
26.5
Paraguay
2.5
2.8
2.1
3.0
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.4
0.5
0.3
0.4
Total
95.1
101.1
90.5
111.6

s

 


 

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