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November 12, 2011

 

Argentina's 2011-12 soy crop estimated at 49.5 million tonnes

 

 

Argentine soy harvest for 2011-12 was seen at 49.5 million tonnes, down from 50.3 million tonnes last season, the Rosario Grains Exchange said in its monthly crop report on Friday (Nov 10).

 

The exchange raised its estimate for this season's corn production to 26.0 million tonnes from 21.4 million tonnes in the previous season.

 

It slightly cut its forecast for 2011-12 wheat output to 12.4 million tonnes from 12.5 million tonnes seen previously.

 

Rosario - Argentina's main soy, corn and wheat hub - is one of the world's biggest grains ports.

 

"Soy and corn crops are developing very well, thanks to recent rains," the report said.

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