Crop consultant Dr. Michael Cordonnier has trimmed his Brazilian soybean crop by 500,000 MT for three straight weeks, taking the estimate to 88.5 MMT this week. He says he has a neutral to negative bias toward the crop due to poor-late season weather. Dr. Cordonnier left his Brazilian corn and Argentine crop estimates unchanged.
Dr. Cordonnier 2013-14 Soybean Estimates | Est. | Maximum | Minimum | 2012-13 |
in million metric tons | ||||
| Brazil | 88.5 | 90.5 | 86.0 | 82.0 |
| Argentina | 53.5 | 56.0 | 50.0 | 49.5 |
| Paraguay | 9.5 | 10.0 | 9.0 | 9.3 |
| Bolivia | 2.5 | 2.7 | 2.2 | 2.6 |
| Uruguay | 3.2 | 3.5 | 2.8 | 3.0 |
| Total | 157.1 | 162.7 | 150.0 | 146.4 |
Dr. Cordonnier 2013-14 | Est. | Maximum | Minimum | 2012-13 |
in million metric tons | ||||
| Brazil | 68.5 | 72.0 | 66.0 | 81.0 |
| Argentina | 22.5 | 25.0 | 20.0 | 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 | 94.6 | 101.1 | 89.0 | 111.6 |
