Consultant Raises Brazilian Corn Crop Estimate

March 5, 2013 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier is currently in Brazil and says he has never seen "this much safrinha corn planted in the state of Mato Grosso." As a result, he has raised his Brazilian corn estimate by 2 MMT to 72 MMT. Dr. Cordonnier left his Brazilian soybean estimate unchanged at 82 MMT. He says a disappointing soybean crop in Mato Grosso is being offset by a "very good" crop in Rio Grande do Sul, which has received timely rains to fill pods. He also left his Argentine crop estimates unchanged from last week.

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
53.0
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
150.8
138.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
72.0
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
99.1
106.7
93.6
96.5

 


 

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