Dry Conditions in Southern Brazil Raise Level of Concern

November 20, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier has left his estimates of the corn and soybean crops unchanged from last week, but says dry weather in southern Brazil raises a level of concern for the crops. He also remains concerned about the slow corn planting pace in Argentina but says he will wait to adjust his estimates as weather during late November and early December will be critical

Dr. Cordonnier 2012-13 Soybean Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
80.0
83.0
75.0
66.5
Argentina
56.0
58.0
52.0
41.0
Paraguay
9.0
9.5
8.0
4.0
Bolivia
2.2
2.5
1.8
2.2
Uruguay
2.0
2.3
1.7
1.6
Total
149.2
155.3
138.5
115.3

Dr. Cordonnier 2012-13
Corn Estimates

Est.
Maximum
Minimum
2011-12

in million metric tons

Brazil
72.0
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
97.6
102.7
87.6
96.5

 


 

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