South American crop consultant Dr. Michael Cordonnier has left his South American crop estimates unchanged from last week, but says he maintains a slightly negative view on the Brazilian bean crop. He says rain that fell this past weekend are better late than never, but significant damage had already been done to the soybean crop in southern Brazil before the weekend rains.
Dr. Cordonnier 2011-12 Soybean Estimates | Est. | Maximum | Minimum | 2010-11 |
in million metric tons | ||||
| Brazil | 68.0 | 70.0 | 66.0 | 75.5 |
| Argentina | 47.0 | 49.0 | 45.0 | 49.0 |
| Paraguay | 5.0 | 6.0 | 4.0 | 8.3 |
| Bolivia | 1.7 | 2.0 | 1.4 | 1.6 |
| Uruguay | 1.7 | 2.0 | 1.4 | 1.5 |
| Total | 123.4 | 129.0 | 117.8 | 135.9 |
Dr. Cordonnier 2011-12 | Est. | Maximum | Minimum | 2010-11 |
in million metric tons | ||||
| Brazil | 58.0 | 62.0 | 55.0 | 57.5 |
| Argentina | 20.0 | 22.0 | 16.0 | 22.5 |
| Paraguay | 1.8 | 2.0 | 1.6 | 2.0 |
| Total | 79.8 | 86.0 | 72.6 | 82.0 |
