Rural commodities were mixed on Thursday, balancing between global demand concerns and supply uncertainty. Currently, traders turned from Wednesday's USDA report to weather related issues.
Wheat futures prolonged the rally as price-boosting effect of the recent USDA report persisted. On Wednesday, USDA slashed global wheat production forecast, citing large harvest yields fall in Russia and Kazakhstan.
Corn recovered some of losses caused by USDA report that indicated potential slump in corn demand. Thursday's plunge created bargain buying opportunities for investors.
Sugar dropped on stronger US Dollar. However, a 28.1% slump in Brazilian sugar output since the beginning of harvest limited losses of the sweetener.
Coffee declined as expected rains in the main coffee-growing regions in Vietnam are likely to lift production.