Consultant Raises Brazilian Soybean Estimate

October 26, 2011 03:51 AM
 

South American crop consultant Dr. Michael Cordonnier has raised his estimate of the Brazilian corn crop by 1 million metric ton (MMT) from last week to 74 MMT to 75 MMT. He says he has a positive bias toward the crop as the early onset of rains has made for very good planting conditions for nearly all of the major soybean areas of Brazil.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
74-75
78.0
72.0
75.5
Argentina
53-54
55.0
50.0
50.0
Paraguay
7-8
8.5
6.5
7.5
Bolivia
1.5-2.0
2.2
1.3
1.6
Uruguay
1.8-2.0
2.2
1.6
1.5
Total
137.3-141.0
145.9
131.4
136.1

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
62-63
65.0
60.0
55.0
Argentina
26-27
28.0
23.0
22.0
Paraguay
2.0-2.5
2.7
1.8
1.6
Total
90.0-92.5
95.7
84.8
78.6

 


 

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