World Agrinews

Cattle futures rose for the third straight day on bets that U.S. meatpacker demand for animals will increase as profit margins improve. Hogs fell from a 12- year high.

Sugar prices will extend a slump, following the biggest quarterly plunge since 1985, as Brazil and India, the world’s largest producers, harvest bumper crops next season, analysts and traders said.

Sugar rebounded from a seven-month low on speculation that managers of hedge funds and index funds slowed sales after reducing their net-long positions, or bets prices would rise, to the lowest level of the year.

Wheat climbed the most in almost two weeks as the declining dollar makes grain from the U.S., the world’s biggest shipper, more attractive to overseas buyers and as a hedge against inflation.