Palm | Kelapa Sawit

HAMBURG, May 5 (Reuters) - Hamburg-based oilseeds analyst Oil World again cut its forecast of Argentina's 2009 soybean crop, this time by two million tonnes, because of dry weather.
Argentina's 2009 soybean crop is now forecast at 34.50 million tonnes, down from 36.50 million forecast last week and from 46.7 million harvested in 2008.
The forecast is also 5.5 million tonnes lower than Oil World's April 14 estimate.