Tuesday, December 29, 2009

Breaking News- RTRS-ANALYSIS-Brazil kicks off soy harvest amid currency woes

SAO PAULO, Dec 28 (Reuters) - Brazilian farmers have made an early start to gathering an expected bumper 2009/10 soybean crop whose development has been helped by above-average rains, but a strong local currency will limit their profits.
Brokers say the first cargoes of soy began to arrive in the last week in silos around the north of the country's No. 1 soy producing state, Mato Grosso.