(Bloomberg) -- Chicago soybean futures rose for a
second day to a 35-month high on speculation demand for the
oilseed may reduce global stockpiles for food and biofuel use.
Wheat and corn futures also gained.
Soybeans, which are crushed into meal for high-protein
livestock feed and into oil for food and industrial uses, rose
after palm oil futures in Malaysia jumped for a third day to a
record on signs of sustained demand from China and India, the
biggest consumers of the vegetable oil.
Read more at Bloomberg Commodities News
second day to a 35-month high on speculation demand for the
oilseed may reduce global stockpiles for food and biofuel use.
Wheat and corn futures also gained.
Soybeans, which are crushed into meal for high-protein
livestock feed and into oil for food and industrial uses, rose
after palm oil futures in Malaysia jumped for a third day to a
record on signs of sustained demand from China and India, the
biggest consumers of the vegetable oil.
Read more at Bloomberg Commodities News
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