Consultant Sees Further South American Crop Declines

January 20, 2012 05:05 AM
 

South American crop consultant Dr. Michael Cordonnier has once again lowered his corn and soybean crop estimates for Argentine and Brazil, saying the crops need generous rains to avoid further yield declines.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
71.0
74.0
68.0
75.5
Argentina
50.0
52.0
45.0
49.0
Paraguay
7.0
7.5
5.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
131.4
137.5
121.3
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
58.0
62.0
55.0
57.5
Argentina
21.0
24.0
18.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
80.8
88.0
74.6
82.0

 


 

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