Breaking News-RTRS-UPDATE 1-China think-tank cuts '08 soy output estimate

BEIJING, Nov 12 (Reuters) - A Chinese grain think-tank revised downward its forecast for the country's 2008 soybean output by 1 million tonnes to 16.5 million tonnes due to lower yields in the country's largest soybean area.
The projection was still 30 percent higher than last year's output, according to the report by the China National Grain and Oils Information Center (CNGOIC).