Wednesday, March 3, 2010

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

HAMBURG, March 2 (Reuters) - Argentina's 2010 soybean crop is likely to rise to 52 million tonnes from 32 million tonnes in 2009, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
This was up by 1 million tonnes from Oil World's previous estimate in January.
Brazil's 2010 soybean crop is forecast at 65.5 million tonnes from 57.5 million tonnes last year, at the upper end of Oil World's previous forecast of 64 to 65 million tonnes.