Soybeans fell from a 10-week high on speculation that higher cash prices prompted U.S. farmers to increase sales and as rains boosted crops in South America. Wheat also declined, while corn was unchanged.
Soybeans declined, snapping the best run in five months, on speculation that improved prospects for crops in South America will further boost global production. Wheat gained for the first time in eight days.
Telecom Italia SpA unveiled plans to sell its Argentine business, assets including wireless towers in Italy and Brazil, and a mandatory convertible bond to raise a total of about 4 billion euros ($5.4 billion) to help pare debt.
New Zealand selected fit-again forwards Shane Smeltz, Chris Wood and Marco Rojas for this month’s World Cup playoff against Mexico as the All Whites seek a second straight appearance at soccer’s global championship.
Minerva SA climbed to a six-week high after acquiring two plants in Brazil’s top beef-producing state in a deal that gives BRF SA, the country’s biggest foodmaker, a 15 percent stake in the company and two seats on its board.
Paraguay President Horacio Cartes said he will seek annual economic growth of as much as 8 percent on a sustained basis by boosting infrastructure and agriculture investments in one of Latin America’s poorest countries.