Consultant Trims Argentine Soybean Crop Estimate Again

February 5, 2013 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of Argentina's soybean crop by another 1 MMT after lowering it by that amount last week, to 51 MMT due to a continuation of hot and dry weather. He also lowered his estimate of the Paraguay crop by 250,000 MT to 8.75 MMT to trim total South American soybean production to 144.95 MMT, which if realized would still be 25.7% higher than last year.

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
51.0
54.0
47.0
41.0
Paraguay
8.75
9.0
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
144.95
151.8
136.5
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

 


 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close