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South American crop preview

USDA will update its South American crop forecasts Thursday morning.
John Hawkins 
Published: Feb 8, 2012
USDA is expected to slash its estimates of corn and soybean production in Argentina and Brazil this Thursday, as a result of drought conditions throughout much of the growing season.

The department will issue its latest crop forecasts at 7:30 a.m. CST Thursday.  Here are the latest trade estimates, in million tonnes:

  Argentina    Brazil   
  Corn     Soybeans  Corn Soybeans 
Trade Avg.  21.656 48.026  59.179  71.265 
Range  18.8-24.5 45.0-50.0 58.0-60.5  69.5-73.5 
USDA Jan.  26.0  50.5  61.0  74.0 



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