Argentina, Brazil Corn, Soy Plantings May Rise, Oil World Says
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Farmland planted with corn and soybeans may rise in Argentina and Brazil, the largest exporters of both crops behind the U.S., as Chinese demand increases and profitability improves, oilseeds analysts Oil World said in a report.
Acreage competition between corn and soybeans will probably intensify in Argentina as Chinese demand for both commodities increases, Oil World said today. Brazilian farmers may plant an additional 1 million acres with soybeans, the Hamburg-based researcher said.