(Bloomberg) -- Soybeans rose to a five-week high on signs of increasing demand for diesel made from crops such as palm oil, now at an eight-year peak in Malaysia. The price of corn fell as U.S. planting accelerated.
Vegetable oils, used mostly for cooking and to derive chemicals for making soaps and detergents, are increasingly used to make alternative fuels. Makers of biodiesel may switch to soybean oil after palm oil jumped 63 percent in the past year. Soybean oil has risen 36 percent to a three-year high.
Read more at Bloomberg Commodities News
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