Argentina soya output seen at 45 million tonnes

Argentine 2011/12 soy output is seen at 45 million tonnes versus a previous forecast of 46.2 million tonnes, the Buenos Aires Grains Exchange said on Thursday, citing drought-related losses in northern growing areas. A dry spell at the height of the Southern Hemisphere summer in December and January cut into Argentine crop yields. The country is the world's top exporter of soymeal, used as animal feed, and of soyoil, used for cooking and in biofuels.