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Argentina raises its view of 2015-16 soybean and corn crops

Published July 21, 2016 Updated July 21, 2016 07:07pm

1 min

By Shoaib Ur Rehman

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LIMA: Argentina's 2015-16 soybean crop is expected at 58.8 million tonnes, the Agriculture Ministry said on Thursday, revising its previous estimate of 58 million tonnes.

The ministry also raised its forecast for the 2015-16 corn crop to 39.8 million tonnes from 37.9 million and said it now sees the wheat planting area at 5.25 million hectares, down from 5.34 million before.

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