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South American crop production vs. the United Statesqrcode

Sep. 30, 2016

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Sep. 30, 2016
The tables below are my initial estimates for South American soybean and corn production and I thought it would be informative to compare South American soybean and corn production with the United States.

The 2016/17 soybean acreage in South America is estimated at 145.6 million acres compared to 83.7 million acres of soybeans planted in the U.S. in 2016. The total soybean production in South America is estimated at 173.2 million tons compared to 114.3 million tons in the U.S. (WASDE September estimate).

The 2016/17 corn acreage in South America is estimated at 54.2 million acres compared to 94.1 million acres of corn planted in the U.S. in 2016. The total corn production in South America is estimated at 121.3 million tons compared to 383.3 million tons in the U.S. (WASDE September estimate).

Therefore, South America is expected to produce approximately 1.5 times as many soybeans as the U.S., whereas the U.S. produces approximately 3.1 times more corn than South America. That is why South America is so important for the soybean market and the U.S. is so important for the corn market.

2016/17 South American Soybean Production
Country
Current Estimate
(million metric ton)
Maximum
Minimum
2015/6 Production
Brazil
100.0
103.0
96.0
95.5
Argentina
58.0
60.0
56.0
56.0
Paraguay
9.1
10.0
8.5
9.0
Bolivia
3.1
3.5
2.7
3.0
Uruguay
3.0
3.5
2.7
2.0
Total
173.2
180.0
165.9
165.5

2016/17 South American Corn Production
Country
Current Estimate
(million metric ton)
Maximum
Minimum
2015/6 Production
Brazil
82.0
88.0
78.0
66.0
Argentina
35.0
32.0
38.0
27.0
Paraguay
3.2
4.0
2.7
3.1
Bolivia
0.7
1.0
0.6
0.7
Uruguay
0.4
0.6
0.3
0.4
Total
121.3
125.6
119.6
97.2

2016/17 South American Soybean and Corn Acreage
 
Soybeans
Corn
Country
2015/16
(million of hectares)
2016/17
2015/16
2016/17
Brazil
33.22
33.72 (+ 1.5%)
15.92
16.56 (+ 4.0%)
Argentina
20.00
19.40 (- 3.0%)
3.50
4.30 (+ 25.0%)
Paraguay
3.20
3.40 (+ 6.2%)
0.70
0.73 (+ 4.2%)
Bolivia
1.28
1.25 (- 2.3%)
0.30
0.30 ( 0%)
Uruguay
1.00
1.20 (+ 20.0%)
0.09
0.08 (- 11.0%)
Total
58.70
58.97 (+ 0.4%)
20.51
21.97 (+ 7.1%)

 

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