Sugar declined after USDA report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Agricultural commodities moved lower on Wednesday as faltering US economy is likely to impact demand while improving weather conditions in the US may boost supply prospects.

Wheat was unchanged amid speculation that falling production in Australia and the EU may stimulate demand for US grains.

Corn dropped for the third time as long-awaited rains in the top-growing regions of the US are likely to revive developing crops.

Sugar price decreased the most in a week after USDA raised its estimate for unsold supplies of the sweetener for the period ending September 2013.

Coffee extended previous losses on reports that Vietnam increased coffee exports by 21% in May. However, unfavorable weather conditions in the country may hurt crops this month.

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