Consultant Sees Increase in South American Soybean Crop, Drop in Corn

September 24, 2013 10:00 AM
 

 

 

South American crop consultant Dr. Michael Cordonnier expects Brazilian soybean acreage to be up 4.7% compared to last week, with Brazilian corn acreage expected to decline by around 6% from year-ago. He expects Argentine soybean acreage to up around 1 million hectares from last year, with corn acreage down around 8% from last year.

Below are Dr. Cordonnier's South American crop estimates. He currently expects soybean production to increase by around 8.4% from last year and for corn production to be down around 9.8% from year-ago.

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
88.0
90.0
83.0
82.0
Argentina
55.0
57.0
51.0
49.5
Paraguay
10.0
11.0
9.0
9.3
Bolivia
2.6
2.9
2.2
2.6
Uruguay
3.2
3.5
2.8
3.0
Total
158.8
164.4
148.0
146.4

Dr. Cordonnier 2013-14
Corn Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
72.0
74.0
66.0
81.0
Argentina
25.0
27.0
23.0
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
100.6
105.1
92.0
111.6

 


 

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