Wednesday, September 10, 2008

Breaking News-RTRS-Argentine soy area larger than thought-Oil World

HAMBURG, Sept 9 (Reuters) - Argentine farmers are likely to plant more soybeans than previously expected this year and turn away from wheat and sunflower sowings, Hamburg-based oilseeds analysts Oil World said on Tuesday.

Argentina's 2008/09 soybean sowings could rise to at least 17.85 million hectares from 16.94 million hectares in 2007/08, it estimates. But the 2008/09 total could be higher.