BUENOS AIRES - Argentine farmers will harvest 60 million metric tons of 2015-16 soybeans, the Buenos Aires Grains Exchange said on Thursday in its weekly crop report, increasing its previous 58-million-metric ton estimate.
The report cited higher-than-expected yields in the bread basket province of Buenos Aires, as well as neighboring La Pampa province and growing areas in the northern parts of the country.
Argentina is the world's top exporter of soymeal livestock feed and No. 3 supplier of raw soybeans. The agriculture ministry expects a 2015-16 soy crop of 60.9 million metric tons.
