Thursday, April 9, 2009

Breaking News-RTRS-Oil World sees big fall in Argentina's 2009 soy crop

HAMBURG, April 7 (Reuters) - Argentina's 2009 soybean crop is likely to fall to 40-41 million tonnes from 46.7 million tonnes in 2008, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
In early March Oil World had estimated Argentina's crop this year at 42.5 million tonnes. Soybeans were struggling against a lack of rainfall which had cut yields, it said.