World Agrinews

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.

Hog futures fell from a 13-year high on signs that traders are making sales to lock in profit after prices surged 29 percent this year. Cattle also dropped.