South American Soybean Output 118.4MMT In 2009

Oil World forecasts South America to harvest 118.4 mln tonnes of soybeans in 2009 after 116.4 mln tonnes in 2008. Brazil is expected to produce 60.0MMT (60.3), Argentina 49.5MMT (47.0), Paraguay 6.7MMT (6.8), Bolivia 1.2MMT (1.4) and Uruguay 1.0MMT (0.9).