Consultant Trims Brazilian Bean Crop Peg

February 11, 2014 09:00 AM
 

 

 

Crop consultant Dr. Michael Cordonnier has trimmed his estimate of the Brazilian bean crop by 500,000 MT to 89 MMT due to warm and dryness across eastern and southern crop regions and wetter-than-normal conditions across Mato Grosso, where harvest is ongoing. Meanwhile, he left his Brazilian corn crop peg at 68.5 MMT and says he has a neutral bias toward the corn crop. Dr. Cordonnier left his Argentine crop estimates unchanged from last week and says his bias is "neutral" moving forward.

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
89.5
91.0
86.0
82.0
Argentina
53.5
56.0
50.0
49.5
Paraguay
9.5
10.0
9.0
9.3
Bolivia
2.5
2.7
2.2
2.6
Uruguay
3.2
3.5
2.8
3.0
Total
158.2
163.2
150.0
146.4

Dr. Cordonnier 2013-14
Corn Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
68.5
72.0
66.0
81.0
Argentina
22.5
25.0
20.0
26.5
Paraguay
2.5
2.8
2.1
3.0
Bolivia
0.7
0.8
0.6
0.7
Uruguay
0.4
0.5
0.3
0.4
Total
94.6
101.1
89.0
111.6

 


 

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