World Soybean Crop May Fall Most Ever on Dryness, Oil World Says
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The world soybean harvest may fall the most ever in the 2011-12 crop year as dry weather slashes production in South America and the U.S., Oil World said.
Output may drop a record 19 million metric tons from the prior period to 246.5 million tons, the Hamburg-based researcher said in a report today. Output will tumble 13 million tons in the Southern Hemisphere to a three-year low of 125 million tons and slide 6.7 million tons to 121.4 million tons in the Northern Hemisphere, according to Oil World.