Consultant Raises Brazilian Soybean and Argentine Corn Estimates

February 18, 2013 09:00 PM
 

South American crop consultant Dr. Michael Cordonnier has raised his estimate of Brazil's soybean crop by 1 MMT to 82 MMT due to more favorable weather across the country. He has also raised his Argentine corn estimate by 1.5 MMT to 24 MMT. But he left his Brazilian corn estimate unchanged at 70 MMT since a "significant portion of the safrinha corn crop is going to be planted outside the recommended planting window." He also left his Argentine soybean estimate unchanged at 50 MMT, as he says more rainfall is needed to finish the crop.

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
82.0
84.0
79.0
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
137.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
70.0
73.0
65.0
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
97.1
102.7
89.6
96.5

 


 

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