(Bloomberg) -- Chicago soybeans rose for a third day
to a 35-month high on speculation that demand for the oilseed may
benefit from a European campaign against palm oil, which competes
with soybean oil. Corn and wheat were little changed.
Malaysia and Indonesia, the world's biggest palm oil
producers, agreed to counter a European campaign against the oil.
The two countries are facing claims from environmental groups and
investors that rainforests are being cut down to make room for
oil palm, destroying habitat for animals such as the orangutan.
Read more at Bloomberg Commodities News
to a 35-month high on speculation that demand for the oilseed may
benefit from a European campaign against palm oil, which competes
with soybean oil. Corn and wheat were little changed.
Malaysia and Indonesia, the world's biggest palm oil
producers, agreed to counter a European campaign against the oil.
The two countries are facing claims from environmental groups and
investors that rainforests are being cut down to make room for
oil palm, destroying habitat for animals such as the orangutan.
Read more at Bloomberg Commodities News
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