TAGS: Marketing, Overseas
December 18, 2014
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
|