World Agrinews

Soybeans were little changed, heading for the biggest weekly jump in two months on speculation that China will increase purchases of U.S. soybean oil after curbing imports from Argentina in a trade dispute.

Sugar tumbled more than 5 percent, leading commodities lower, after the U.S. filed a fraud suit against Goldman Sachs Group Inc., one of Wall Street’s biggest traders and brokers of raw materials.

European Union 2010-11 soft wheat production is revised up slightly on the month to 134.2 million metric tons, Strategie Grains data showed Thursday.

Corn rose to a three-week high on speculation that China, the second-biggest producer and consumer, may import more to reduce domestic prices that reached a 20-month high last week.