(Bloomberg) -- Chicago soybean futures rallied on
speculation demand for the oilseed may rise for vegetable oil,
feed and biofuel after palm oil prices rose to a record. Wheat
gained on a decline in U.S. crop condition. Corn increased.
Palm oil futures in Malaysia jumped to a record on concern
that supplies in Southeast Asian producing countries may not be
enough to meet rising demand at home and abroad. Prices have
almost doubled in the past year on surging demand from China and
India, the world's biggest buyers of vegetable oils.
Read more at Bloomberg Commodities News
speculation demand for the oilseed may rise for vegetable oil,
feed and biofuel after palm oil prices rose to a record. Wheat
gained on a decline in U.S. crop condition. Corn increased.
Palm oil futures in Malaysia jumped to a record on concern
that supplies in Southeast Asian producing countries may not be
enough to meet rising demand at home and abroad. Prices have
almost doubled in the past year on surging demand from China and
India, the world's biggest buyers of vegetable oils.
Read more at Bloomberg Commodities News
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