World Agrinews

Soybeans rose for a third day, reaching a three-month high, on speculation that China will increase purchases of U.S. supplies to make cooking oil for a growing population and livestock feed to produce pork.

Soybeans topped $10 a bushel for the first time since January and corn gained on speculation that China will boost imports from the U.S., the world’s largest shipper of the crops.

Wheat rose the most in two months on speculation that yesterday’s plunge in prices prompted investors to unwind bets that futures would decline.

Cane production in Indonesia may rise 10 percent after farmers increased planting and raised productivity, potentially helping Southeast Asia’s biggest sugar buyer to reduce imports.