Consultant Slices South American Corn, Soybean Crop Estimates

January 24, 2012 10:10 AM
 

South American crop consultant Dr. Michael Cordonnier has once again lowered his corn crop estimate for Argentina, citing irreversible damage due to dry conditions and lower harvested acreage expectations.

Cordonnier has also sliced his soybean production estimates for Brazil, Argentina and Paraguay by 1 million metric tons each due to disappointing weekend rains in Argentina and southern Brazil and overly wet conditions in Mato Grasso, Brazil. He notes that the condition of the bean crop in Argentina "depends on the luck of the rainfall," as fields that have received rains are in good condition while those that have missed out likely to produce disappointing yields.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
70.0
73.0
68.0
75.5
Argentina
49.0
52.0
45.0
49.0
Paraguay
6.0
7.0
5.5
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
128.4
136.0
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
20.0
23.0
15.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
87.0
71.6
82.0

 


 

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