Wednesday, February 24, 2010

Breaking News-RTRS-Brazil's Feb soybean exports to surge - Oil World

HAMBURG, Feb 23 (Reuters) - Brazil's soybean exports are likely to rise strongly in February as the large 2010 harvest is marketed, but new crop sales by Argentina appear more restrained, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Brazil may export 2.2-2.6 million tonnes of soybeans in February, up from only 100,000 tonnes in January and 700,000 tonnes in February 2009, it estimates.
Brazil's early 2010 soybean crop, now underway, is forecast by Oil World at 64-65 million tonnes, up from 57.4 million tonnes in 2009.