(Bloomberg) -- Soybeans in Chicago rose for a third
time this week after a government report showed increased demand
for animal feed and vegetable oil made from the second-biggest
U.S. crop.
Processors including Bunge Ltd. converted 3.8 percent more
soybeans into feed and cooking oil last month than a year ago,
the Census Bureau said. Supplies of soybean oil fell 0.7 percent
to 3.266 billion pounds at the end of May from April and feed
inventories on May 31 dropped 8.6 percent to 277,581 tons from a
year earlier, the bureau said.
Read more at Bloomberg Commodities News
time this week after a government report showed increased demand
for animal feed and vegetable oil made from the second-biggest
U.S. crop.
Processors including Bunge Ltd. converted 3.8 percent more
soybeans into feed and cooking oil last month than a year ago,
the Census Bureau said. Supplies of soybean oil fell 0.7 percent
to 3.266 billion pounds at the end of May from April and feed
inventories on May 31 dropped 8.6 percent to 277,581 tons from a
year earlier, the bureau said.
Read more at Bloomberg Commodities News
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