Consultant Leaves South American Crop Pegs Unchanged

November 13, 2012 09:00 AM
 

South American crop consultant Dr. Michael Cordonnier says between 55% and 58% of Brazil's soybean crop has been planted, thanks to improved weather conditions that have encouraged producers to return to fields. This is still around ten percentage points behind last year's pace, but is about a 13 percentage point improvement from the previous week. Dr. Cordonnier left his South American crop estimates unchanged from last week, saying weather will be the driving factor in the coming weeks.

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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