Consultant Trims Paraguay Bean Crop Estimate

March 28, 2012 03:58 AM
 

South American crop consultant Dr. Michael Cordonnier has lowered his estimate of the Paraguay soybean crop by 500,000 metric tons (MT) to 4.5 million MT (MMT) due to severe drought. He says conditions there were hotter and drier than in either southern Brazil or northern Argentina this growing season.
 
He left his Argentine and Brazilian corn and soybean crop estimates unchanged this week, but says he remains "cautious" toward the Brazilian safrinha corn crop due to recent dryness.
 

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
48.0
45.0
49.0
Paraguay
4.5
5.0
4.0
8.3
Bolivia
1.7
2.0
1.4
1.6
Uruguay
1.7
2.0
1.4
1.5
Total
121.4
125.0
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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