Consultant Says Conditions Favorable in South America

November 1, 2011 09:38 AM
 

South American crop consultant Dr. Michael Cordonnier has adopted the top end of the range for his Brazilian corn and soybean crop estimates, saying growing conditions are favorable.

However, he warns a building La Nina could bring drier-than-normal conditions from November through January. "If that occurs, it could impact pod set and filling -- but it is still just a forecast. The reality is that everything looks good right now and as a result, I am expecting good soybean yields," he says.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
75.0
78.0
72.0
75.5
Argentina
53.5
55.0
50.0
49.5
Paraguay
8.5
9.0
7.5
8.3
Bolivia
1.8
2.1
1.6
1.6
Uruguay
1.9
2.2
1.5
1.5
Total
140.7
146.3
132.6
136.4

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
63.0
64.0
59.0
57.0
Argentina
26.5
28.0
23.0
22.0
Paraguay
2.2
2.4
1.9
2.0
Total
91.7
94.4
83.9
81.0

 


 

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