Wednesday, July 8, 2009

Breaking News-RTRS-Big sales cut S. American soybean stocks-Oil World

HAMBURG, July 7 (Reuters) - South American soybean stocks have been cut sharply by heavy recent sales and world supplies could be tight if the U.S. soybean crop is delayed this summer, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Oil World estimates combined soybean stocks in the four main South American exporters Brazil, Argentina, Uruguay and Paraguay fell to only 53.1 million tonnes on July 1, down 20 million tonnes on July 2008 because of larger than expected exports and crushings.