BUENOS AIRES: Argentina's 2012/13 soybean harvest will be 48.3 million tonnes, the Rosario grains exchange said on Monday in its monthly crop report that slightly lifted its previous estimate of 48 million tonnes.
"The harvest is 70 percent completed and the latest yield data has allowed us to adjust our crop estimate to 48.3 million tonnes," it said.
With 19.5 million hectares planted with soy this season, national average yields are coming in at 2.58 tonnes per hectare, the report said.
The season's corn harvest is expected at 24.5 million tonnes, down from a previous forecast of 25.3 million tonnes due to lower-than-expected yields, the report said.
"With 60 percent of corn harvested, we have adjusted our yield calculations and this has impacted estimated crop size," it said.
"According to our latest measurements, average yields are 7.05 tonnes per hectare, lower than the 7.17 tonnes per hectare that was estimated in last month's report," it continued.
Argentina is the world's No. 3 exporter of soybeans and corn. Demand for both is strong this season due to a harsh 2012 drought in the United States that shriveled yields in the world's No. 1 corn and soy producing nation.
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