Breaking News-RTRS-OIL WORLD RAISES FORECAST OF ARGENTINA'S 2011 SOYBEAN CROP TO 52-53 MLN T FROM PREVIOUS ESTIMATE OF 51 MLN T
Posted by Labels: Trader's highlightHAMBURG, Oct 5 (Reuters) - Hamburg-based oilseeds analysts Oil World said on Tuesday it had raised its forecast of Argentine's soybean crop for harvesting in early 2011 to 52-53 million tonnes from 51 million tonnes it forecast in September.
Argentine soybean plantings were likely to be larger than expected but the 2011 crop would still be down from around 55 million tonnes harvested in early 2010, Oil World said.
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