Agricultural commodities were mixed on Wednesday amid broadly stronger US Dollar and better weather conditions in Brazil and India. Meanwhile, continuous drought in Russia sent grain futures higher.
Wheat rebounded after USDA reported that Australia's wheat output is likely to drop by 11% in 12 months starting from October 1. At the same time, a 8% increase in Indian production in 12 starting from April 1 capped the upswing.
Corn was the top-gainer, jumping for the first time this week on speculation that corn demand for ethanol production will strengthen.
Sugar prolonged the longest slump in three years as favorable weather in Brazil and India improved global supply prospects.
Coffee declined as dry and warm weather in the next ten days in Southern region in Brazil is likely to benefit coffee harvest.