TAGS: Marketing, Overseas
December 18, 2014
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
|