South American crop consultant Dr. Michael Cordonnier expects Brazilian soybean acreage to be up 4.7% compared to last week, with Brazilian corn acreage expected to decline by around 6% from year-ago. He expects Argentine soybean acreage to up around 1 million hectares from last year, with corn acreage down around 8% from last year.
Below are Dr. Cordonnier’s South American crop estimates. He currently expects soybean production to increase by around 8.4% from last year and for corn production to be down around 9.8% from year-ago.
Dr. Cordonnier 2013-14 Soybean Estimates | Est. | Maximum | Minimum | 2012-13 |
in million metric tons | ||||
| Brazil | 88.0 | 90.0 | 83.0 | 82.0 |
| Argentina | 55.0 | 57.0 | 51.0 | 49.5 |
| Paraguay | 10.0 | 11.0 | 9.0 | 9.3 |
| Bolivia | 2.6 | 2.9 | 2.2 | 2.6 |
| Uruguay | 3.2 | 3.5 | 2.8 | 3.0 |
| Total | 158.8 | 164.4 | 148.0 | 146.4 |
Dr. Cordonnier 2013-14 | Est. | Maximum | Minimum | 2012-13 |
in million metric tons | ||||
| Brazil | 72.0 | 74.0 | 66.0 | 81.0 |
| Argentina | 25.0 | 27.0 | 23.0 | 26.5 |
| Paraguay | 2.5 | 2.8 | 2.1 | 3.0 |
| Bolivia | 0.7 | 0.8 | 0.6 | 0.7 |
| Uruguay | 0.4 | 0.5 | 0.3 | 0.4 |
| Total | 100.6 | 105.1 | 92.0 | 111.6 |
