World Agrinews

Cattle rose for the fourth time in five sessions after a report showed that U.S. feedlots bought fewer animals than expected in March, signaling reduced supplies of fattened cattle in the future. Hogs declined.

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.