South American crop consultant Dr. Michael Cordonnier has left his estimates of the South American corn and soybean crops unchanged, but says he has a positive bias toward the Brazilian crops and a neutral bias toward Argentine crops.
Thanks to an active weather system, producers have been encouraged to keep planting crops in South America, but Dr. Cordonnier warns there could be a shortage of top-tier corn hybrids for the safrinha corn crop in Brazil.
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 | 49.5 |
| 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 | 136.4 |
Dr. Cordonnier 2011-12 | Est. | Maximum | Minimum | 2010-11 |
in million metric tons | ||||
| Brazil | 63.0 | 64.0 | 59.0 | 57.0 |
| 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 | 81.0 |
