Wednesday, December 22, 2010

Breaking News-RTRS - ARGENTINE 2011 SOYBEAN CROP COULD FALL TO 43 TO 48 MLN T AGAINST 54.4 MLN T IN 2010 - OIL WORLD

HAMBURG, Dec 21 (Reuters) - Argentina's soybean crop in early 2011 could fall as low as 43 to 48 million tonnes because of dry weather, down from 54.4 million tonnes in early 2010, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Oil World said it had tentatively cut its forecast of the Argentine soybean crop in early 2011 to 47.0 million tonnes. But it warned the estimate was subject to revision and depended on weather in coming weeks.