Consultant Trims Argentine Soybean Crop Estimate Again

February 12, 2013 09:00 AM
 

 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of Argentina's soybean crop, noting the last several rain events in Argentina have been disappointing and now the crop is in its critical reproductive phase and there's not enough moisture in the near-term forecast to recharge dry soils. He left his Argentine corn estimate, as well as all Brazilian crop estimates, unchanged from last week.

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
81.0
84.0
78.0
66.5
Argentina
50.0
53.0
47.0
41.0
Paraguay
8.75
9.0
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
143.95
150.8
136.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
70.0
73.0
65.0
72.5
Argentina
22.5
26.0
20.0
21.0
Paraguay
2.0
2.4
1.7
1.9
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.4
0.5
0.3
0.4
Total
95.6
102.7
87.6
96.5

 

 

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