Consultant: South American Planting Proceeds at Accelerated Pace

November 22, 2011 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier left his estimates of the South American corn and soybean crops unchanged from last week, but says the strong planting progress has helped to assure a solid start for the crops.

Dr. Cordonnier says he has a positive bias toward the Brazilian corn and soybean crops, as well as the Argentine corn crop. He has a neutral bias toward the Argentine bean crop.

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
49.0
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
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
63.0
64.0
59.0
57.5
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
82.0

 


 

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