January 16, 2008

Argentina grain stocks rise 24 percent in November

Stocks of major grains and oilseeds in Argentina totaled 15.4 million tonnes as of November 30, the National Office for the Control of Agricultural Trade (ONCCA) said.

Stocks of corn, soy, wheat and other crops were up 24 percent from 12.4 million tonnes held at the same time last year.

The other crops include goods like peanuts and rice.

Argentina's soy stocks totaled 8.1 million tonnes, corn stocks totaled 2.7 million tonnes and wheat stocks totaled 3.2 million tonnes.