Rabobank sees "record S Am harvests". Let's hope Rabo is right

Rabobank forecasts: "corn will retreat in 2013 from a first-quarter high of nearly $8 a bushel to $6.00 a bushel by the October-to-December period, sapped by record South American harvests, with Argentina and Brazilian output pegged at a combined 97.3m tonnes, and a further rise in US seedings.
http://www.agrimoney.com/news/palm-coffee-best-bets-for-2013---grains-the-worst--5274.html

I'm not too sure I'd agree with the bank's bet on S America's 12/13 harvest. "Record S American harvests" have not meterialised yet, and for a start the weather in the region is absolutely rubbish. It's a bit early to load the containers...Let's see...Personally I would not bet too much on a "record harvest" for 12/13. Could be bad, could be OK, but "record" is hard to foresee at this point, although my only wish is to be proven dead wrong.