Consultant Trims Brazilian Bean Crop Peg Third Straight Week

February 25, 2014 09:00 AM
 

 

 

Crop consultant Dr. Michael Cordonnier has trimmed his Brazilian soybean crop by 500,000 MT for three straight weeks, taking the estimate to 88.5 MMT this week. He says he has a neutral to negative bias toward the crop due to poor-late season weather. Dr. Cordonnier left his Brazilian corn and Argentine crop estimates unchanged.

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
88.5
90.5
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
157.1
162.7
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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