World Agrinews

Cocoa rose for the first time in three days on speculation that output will trail demand after exports fell from Cameroon, the fifth-biggest producer of the beans. Coffee gained for a second session.

Wheat fell for the third time in four sessions after favorable weather boosted crop prospects in the U.S., the world’s largest shipper of the grain.

China will impose an additional duty on U.S. chicken imports of as much as 31.4 percent in response to what it called unfair subsidies for poultry farmers, threatening to deepen a trade rift.

Corn rose for the first time in four sessions after a decline to the lowest price in three weeks spurred buying interest. Corn for July delivery climbed 0.8 percent to $3.565 a bushel on the Chicago Board of Trade at 1:20 p.m. Seoul time. The price yesterday dropped to $3.515, the lowest since April 7. Soybeans for July delivery gained 0.3 percent to $9.9575 a bushel.