South American crop consultant Dr. Michael Cordonnier has raised his peg of the Brazilian corn crop by 2 million metric tons (MMT) to 64.0 MMT. He also raised the “maximum” and “minimum” estimates by 2 MMT each due to favorable growing conditions for the safrinha crop.
“These rains are occurring at a very beneficial time for the safrinha corn crop as it moves into the grain filling phase,” says Dr. Cordonnier.
Dr. Cordonnier left all other estimates unchanged this week.
Dr. Cordonnier 2011-12 Soybean Estimates | Est. | Maximum | Minimum | 2010-11 |
in million metric tons | ||||
| Brazil | 65.0 | 66.0 | 64.5 | 75.5 |
| Argentina | 40.0 | 42.0 | 37.0 | 49.0 |
| Paraguay | 4.5 | 5.0 | 3.5 | 8.3 |
| Bolivia | 1.7 | 2.0 | 1.4 | 1.6 |
| Uruguay | 1.7 | 2.0 | 1.4 | 1.5 |
| Total | 112.9 | 117.0 | 107.8 | 135.9 |
Dr. Cordonnier 2011-12 | Est. | Maximum | Minimum | 2010-11 |
in million metric tons | ||||
| Brazil | 64.0 | 67.0 | 61.0 | 57.5 |
| Argentina | 19.0 | 22.0 | 17.0 | 23.0 |
| Paraguay | 1.8 | 2.0 | 1.6 | 2.0 |
| Total | 84.8 | 91.0 | 79.6 | 82.5 |
