World Agrinews

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.

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.