Consultant's First-Hand Look at Brazil Crops Confirms 'Upward Bias'

November 29, 2011 09:01 AM
 

South American crop consultant Dr. Michael Cordonnier is currently in Brazil and says his first-hand look confirms his upward bias on production potential for corn and soybeans. He left his Brazilian production estimates unchanged this week, but says crops are off to a very good start.

Dr. Cordonnier 2011-12 Soybean Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
75.0
78.0
72.0
75.5
Argentina
53.5
55.0
50.0
49.0
Paraguay
8.5
9.0
7.5
8.3
Bolivia
1.8
2.1
1.6
1.6
Uruguay
1.9
2.2
1.5
1.5
Total
140.7
146.3
132.6
135.9

Dr. Cordonnier 2011-12
Corn Estimates

Est.
Maximum
Minimum
2010-11

in million metric tons

Brazil
63.0
64.0
59.0
57.5
Argentina
26.5
28.0
23.0
22.0
Paraguay
2.2
2.4
1.9
2.0
Total
91.7
94.4
83.9
82.0

 


 

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