Consultant Trims Argentine Soybean Crop Estimate

January 29, 2013 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of Argentina's soybean crop by 1 MMT to 52 MMT due to "worrisome" dry weather. Meanwhile, he left his Argentine corn estimate unchanged, but says it might be too negative. He says near-term weather trends will be key, as dry weather is in areas of southern Brazil and Argentina could impact crops if it continues.

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
52.0
55.0
50.0
41.0
Paraguay
9.0
9.3
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
146.2
153.1
139.5
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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