Wednesday, March 31, 2010

Breaking News-RTRS-Oil World hikes forecast of Argentine soybean crop

HAMBURG, March 30 (Reuters) - Argentina's 2010 soybean crop is likely to rise to 53.3 million tonnes from 32 million tonnes in 2009, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
This was up by 1.3 million tonnes from Oil World's previous estimate on March 2.
It also raised its forecast of Brazil's 2010 soybean crop to 66.0 million tonnes, a more moderate rise of 0.5 million tonnes from its previous forecast and up from 57.5 million tonnes last year.