Consultant Trims Brazilian Bean Crop Peg, Again

February 18, 2014 09:00 AM
 

 

 

Crop consultant Dr. Michael Cordonnier trimmed his estimate of the Brazilian bean crop by another 500,000 MT to 89 MMT, and says he has a "neutral to lower bias going forward" due to recent hot and dry conditions in southern Brazil. He says harvest is around a third complete in Mato Grosso, with about 20% of the Brazilian crop harvested overall. He left all other estimates unchanged

Dr. Cordonnier 2013-14 Soybean Estimates

Est.
Maximum
Minimum
2012-13

in million metric tons

Brazil
89.0
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
157.7
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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