Tuesday, May 4, 2010

Breaking News-RTRS-Reuters Summit-UPDATE 1-High yields boost Argentine soy outlook

BUENOS AIRES, May 3 (Reuters) - Argentina's 2009/10 soy harvest should exceed a record 54 million tonnes due to bumper yields in most areas, the president of Los Grobo, one of the country's leading agricultural companies, said on Monday.
Los Grobo provides logistical and grains storage services to farmers in Argentina, Brazil, Paraguay and Uruguay, and it also produces soy, corn and wheat on some 250,000 hectares (nearly 618,000 acres) in the region.