Consultant Trims Brazilian Bean Crop Peg

March 20, 2012 10:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of the Brazilian bean crop again, but says harvest is advancing quickly. He says about 60% of the country's crop has been cut, compared to 50% last year and 45% on average. Dr. Cordonnier lowered his estimate of the bean crop by 0.5 million metric tons (MMT) to 66.5 MMT due to ongoing dryness in southern Brazil and says the estimate could be trimmed further.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
66.5
68.0
65.0
75.5
Argentina
47.0
49.0
45.0
49.0
Paraguay
5.0
5.5
4.0
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
121.9
126.5
116.8
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
22.0
17.0
22.5
Paraguay
1.8
2.0
1.6
2.0
Total
79.8
86.0
73.6
82.0

 


 

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