Wednesday, November 4, 2009

Breaking News-RTRS-Oil World cuts Argentine 2010 soy crop forecast

HAMBURG, Nov 3 (Reuters) - German oilseeds analysts Oil World said on Tuesday it has cut its forecast of Argentina's soybean crop for harvesting in early 2010 to 50.0 million tonnes from 52.0 million tonnes forecast last month due to dry weather.
This would still be up strongly from the drought-reduced 32.0 harvested in the previous crop.