Consultant Raises South American Crop Estimates

April 1, 2014 10:00 AM
 

 

 

Pro Farmer Consultant Dr. Michael Cordonnier has raised his estimate of Brazil's soybean crop by 500,000 MT to 86.5 MMT, and says there is potential for it to move another 1 MMT higher, depending on the outcome of the safrinha soybean crop. He also raised his estimate of the Brazilian corn crop by 1.5 MMT to 70 MMT due to favorable moisture for the safrinha crop in Mato Grosso.

Dr. Cordonnier also increased his estimate of the Argentine corn crop by 500,000 MT to 23.5 MMT, saying later-planted corn will probably yield higher than early planted corn, and that more than half of the crop was planted after Dec. 1, which turned out to be a good decision.

Dr. Cordonnier left his estimate of the Argentine soybean crop unchanged at 54 MMT, but says he has a slightly higher bias and will monitor yield reports as just 3% to 4% of the crop has been harvested.

Dr. Cordonnier also raised his estimate of the Paraguay soybean crop by 500,000 MT to 8.5 MMT due to the increase in safrinha soybean acres.

 

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
86.5
88.0
85.0
82.0
Argentina
54.0
56.0
53.0
49.5
Paraguay
8.5
9.0
8.0
9.3
Bolivia
2.5
2.7
2.2
2.6
Uruguay
3.2
3.5
2.8
3.0
Total
154.7
159.2
151.0
146.4

 

Dr. Cordonnier 2013-14
Corn Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
70.0
73.5
68.0
81.0
Argentina
23.5
25.0
22.0
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
97.1
102.6
93.0
111.6

 


 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close