08 October 2010

ARGENTINA: El Nino Brings Rains, Bumper Crops.

BLOOMBERG/
    Rainfall from El Nino is producing record soybean crops in Argentina, boosting its economy and bond market appeal while creating deadly floods in Pakistan.
     Above-average rainfall there accounts for a record 55 million-ton soybean crop, bigger exports and the fastest economic growth since 1992.
    The corn crop is also forecast to climb to 26 million tons, the largest ever while the wheat harvest will rise by 51 percent.