(Bloomberg) -- Chicago soybean futures rose for a fourth day to a six-week high on improved demand for animal feed and vegetable oils. Corn futures were little changed, while wheat gained amid speculation about weather damage to the U.S. crop.
Soybeans rose yesterday after a U.S. industry group said processors increased output by 6.1 percent in April from a year earlier. Demand for soybean oil may increase as the price of rival palm oil reached its highest in more than eight years today after Indian data showed imports at a four-month high in April.
Read more at Bloomberg Commodities News
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