Monday, October 5, 2009

Breaking News-RTRS-UPDATE 1-Brazil 09/10 soy crop seen record 63.4 mln T-Abiove

SAO PAULO, Oct 2 (Reuters) - Brazil's 2009/2010 soybean crop that is now being planted is forecast at a record 63.4 million tonnes, up from 57.3 million tonnes last season, the country's grain crushing industry association Abiove said on Friday.
This is Abiove's first forecast of the new crop.
Brazil's soybean exports for 2009/10 are expected to fall to 25.8 million tonnes from a record 27.4 million tonnes in this February-January commercial year. It also expects crushing to rise to 32.2 million tonnes from 29.8 million this season.