Wednesday, July 22, 2009

Breaking News-RTRS-Oil World sees record 2010 Argentine soybean crop

HAMBURG, July 21 (Reuters) - Argentina's soybean crop for harvesting in early 2010 may reach a record 52.0 million tonnes, up from the drought-reduced 32.2 million in early 2009 as farmers switch from wheat, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Argentine farmers will plant 19.0 million hectares of soybeans for harvesting in April/May 2010, up from 17.50 million hectares harvested in early 2009, it estimated.