Rumours abound that Argy farmers will postpone strike ahead of new talks

Rumours that Argentine farmers would postpone a resumption of their strike amid speculation a new window for negotiations between the government and farmers have arisen after Argentina's economic minister was ousted Friday, trade analysts said. Talk that the Argentine government will adjust the export tax scheme and that the farmers will put off the strike sparked selling in the CBOT soy market Monday, analysts added.

Argentine officials are set to meet with farm group leaders Monday evening to restart stalled talks aimed at avoiding a resumptionof a strike on May 2, an Agriculture Secretariat spokesman said. While the spokesman said that talks were slated for 5 p.m. local time (2000GMT), an Agrarian Federation spokesman said the meeting hadn't been confirmed but was tentatively scheduled for 8 p.m. local time.

The talks would be the first since the resignation of Economy Minister MartinLousteau, who was replaced by Carlos Fernandez Friday. Farm leaders were invited to the swearing-in ceremony in a move widely interpreted as a conciliatory gesture from the government.