South American crop consultant Dr. Michael Cordonnier has once again lowered his corn and soybean crop estimates for Argentine and Brazil, saying the crops need generous rains to avoid further yield declines.
Dr. Cordonnier 2011-12 Soybean Estimates | Est. | Maximum | Minimum | 2010-11 |
in million metric tons | ||||
| Brazil | 71.0 | 74.0 | 68.0 | 75.5 |
| Argentina | 50.0 | 52.0 | 45.0 | 49.0 |
| Paraguay | 7.0 | 7.5 | 5.5 | 8.3 |
| Bolivia | 1.7 | 2.0 | 1.4 | 1.6 |
| Uruguay | 1.7 | 2.0 | 1.4 | 1.5 |
| Total | 131.4 | 137.5 | 121.3 | 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 | 21.0 | 24.0 | 18.0 | 22.5 |
| Paraguay | 1.8 | 2.0 | 1.6 | 2.0 |
| Total | 80.8 | 88.0 | 74.6 | 82.0 |
