Oil World cuts Argentina soy hopes, citing dryness
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Oil World fed the concerns over the damage caused by hot and
dry weather to Argentine crops by cutting its estimate for the country's soybean
harvest, and cautioning over the threat of further downgrades.
The influential analysis group cut its forecast for the soybean
harvest in Argentina, the third-ranked grower and exporter of the oilseed, by
1.0m tonnes to 52.0m tonnes.
The downgrade left the harvest well below the 56.0m-tonne
crop Oil World had initially expected, before persistent rains Read more [...]