Rural commodities were mixed on Tuesday amid better weather conditions in the US. Market participants also awaited weekly USDA report, showing harvest progress and crop conditions due on Tuesday after the bell.
Wheat declined as cooler and wetter weather in the US southern Great Plaints may allow farmers to seed winter wheat starting from September. Moreover, absence of export limits in Russia continued to pressurize the commodity.
Corn was the top-gainer on speculation that the US production is likely to miss government forecasts. USDA report released after the exchange closed indicated only 22% of crops were in good or excellent condition compared to 55% last year.
Sugar halted previous rally as traders focused on crop developments in the world's top grower, Brazil. Meanwhile, sugar production in Brazil soared 14% between August 1 and August 15.
Coffee managed to climb slightly despite much larger shipments from Honduras compared to last year.