Grain advenced on expected Russia's export curbs

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Source: Dukascopy Bank
Rural commodities showed mixed performance on Wednesday, with grain commodities continuing to grow and coffee and corn continuing to fall. Wheat was the top gainer over the day, advancing 11.24%. Wheat was supported by the growing speculation that Russia plans to cut its exports. Moreover, unfavorable weather conditions in Ukraine that may curb crop pushed the wheat price higher. Meanwhile, expected ample supplies of coffee and sugar continued to weight down on the these commodities' price.


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