Breaking News-RTRS-US analyst sees larger S.American soy, corn crops

CHICAGO, Oct 15 (Reuters) - Helped by good early rains and improving economics, South American soybean acreage and production should rise in 2009/10, a respected U.S. analyst said Thursday.
Dr. Michael Cordonnier, president of Soybean and Corn Advisor, projected 2009/10 South American soybean production at 125.0 million tonnes, up more than 30 percent from 95.8 million in 2008/09.
Cordonnier estimated Brazil's 2009/10 soybean crop at 62.5 million tonnes, above the U.S. Department of Agriculture's current estimate of 62.0 million.
For Argentina, Cordonnier estimated soybean output at 53.0 million tonnes, up sharply from 32.0 million in 2008/09 and above USDA's 2009/10 figure of 52.50 million tonnes.