Argentina's Agriculture Ministry said production will be lower than 50 million tons of soybean
Argentine Ministry of Agriculture officials said Wednesday, as a long drought affecting crop production forecast soybean production in Argentina 2010/2011 less than 5000 tons, lower than the previously forecast 52 million tons.
Department of Agriculture officials believe that soybean production in Argentina fell to 50 million tons less a foregone conclusion, but did not give a specific forecast, said it is to determine the impact of drying on the yield is too early.
La Nina weather phenomenon caused by the drought-induced soybean production in Argentina worries, which stimulate the beans on the price strength in recent weeks the United States.
the Ministry of Agriculture official also forecast wheat production in Argentina 2010/2011 to about 14 million tons, higher than the previously forecast 13 million tons.
U.S. Department of Agriculture's monthly supply and demand report on Wednesday will be Argentina's soybean production is forecast 2010/2011 from the previous forecast of 52 million tons down from 50.5 million tons, but its production forecast from 13.5 million tons of wheat raised 14 million tons. (Huang Yu)
