Consultant Slashes Brazilian Bean Crop Peg, Raises Argentine Corn

March 4, 2014 09:00 AM
 

 

 

After trimming his Brazilian soybean crop estimate by 500,000 MT three weeks in a row, South American Crop Consultant Dr. Michael Cordonnier is following up with a 1.5 MMT reduction to 87 MMT. He hints further crop reductions are possible, as he has a neutral to lower bias toward crop size.

Dr. Cordonnier left his Brazilian corn estimate and Argentine soybean crop estimate unchanged, but raised his Argentine corn estimate by 500,000 MT to 23 MMT due to expectations later-planted corn yields will benefit from recent moisture improvements.

 

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
87.0
89.0
85.0
82.0
Argentina
53.5
55.0
50.0
49.5
Paraguay
9.0
9.5
8.0
9.3
Bolivia
2.5
2.7
2.2
2.6
Uruguay
3.2
3.5
2.8
3.0
Total
155.2
159.7
148.0
146.4

Dr. Cordonnier 2013-14
Corn Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
68.5
72.0
66.0
81.0
Argentina
23.5
25.0
21.5
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
95.1
101.1
90.5
111.6

 


 

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Comments

 
Spell Check

Anonymous
3/4/2014 11:45 AM
 

  That sounds like covering his a__ all the cuts!

 
 
Anonymous
3/4/2014 11:45 AM
 

  That sounds like covering his a__ all the cuts!

 
 

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