November 12, 2011
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Argentina's 2011-12 soy crop estimated at 49.5 million tonnes
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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).
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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.
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It slightly cut its forecast for 2011-12 wheat output to 12.4 million tonnes from 12.5 million tonnes seen previously.
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Rosario - Argentina's main soy, corn and wheat hub - is one of the world's biggest grains ports.
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"Soy and corn crops are developing very well, thanks to recent rains," the report said.