Farm commodities except for corn rallied on Wednesday on crop-harming weather in the US, Brazil and India. Moreover, commodity group faced an increased volatility as investors were nervous, awaiting USDA report released during the US morning session on Wednesday.
Wheat rose as dry and hot weather is likely to persist in the US. Moreover, wheat caught moment after USDA cut global wheat production outlook, citing worse harvest in Russia, China and Kazakhstan.
Corn futures declined after USDA stated that lower supplies and inflated prices are likely to result in steep tumble in corn demand for livestock feed.
Sugar moved up amid unfavorable weather in Brazil and India. Heavy rains in Brazil and poor monsoon season in India lingered world's supplies concerns.
Coffee followed bullish trend as weather conditions in Brazil may continue to impact quality of coffee beans.