Consultant Raises Brazil's Corn Crop Estimate

May 8, 2012 10:00 AM
 

South American crop consultant Dr. Michael Cordonnier has raised his Brazilian corn crop estimate by 1 million metric tons (MMT) from last week to 62.0 MMT. He says recent showers have benefited from safrinha corn crop, which came at an opportune time given most of the crop is pollinating.

Dr. Cordonnier left his Brazilian soybean crop estimate unchanged at 65.0 MMT, and doesn't expect the estimate to change very much going forward as harvest is virtually complete. The estimate for Argentine were also left unchanged, wit Dr. Cordonnier pegging the soybean crop at 40.0 MMT and the corn crop at 19.0 MMT.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
65.0
66.0
64.5
75.5
Argentina
40.0
42.0
37.0
49.0
Paraguay
4.5
5.0
3.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
112.9
117.0
107.8
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
62.0
65.0
59.0
57.5
Argentina
19.0
22.0
17.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
82.8
89.0
77.6
82.0

 


 

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