Coffee dropped on expected ample supplies

Note: This section contains information in English only.
Source: Dukascopy Bank
Rural commodities were mostly lower despite persistent worries about impact of adverse weather on grain crops.

Wheat was the only gainer along with unfavorable weather conditions in the US, Australia and Russia. Speculation that Russia may impose ban on wheat exports as it did after severe drought in 2010 spurred wheat's rally.

Corn retreated from recent highs as traders started to cash out from the market after the commodity prices soared on global harvest worries.

Sugar dropped on expected oversupply in the market in the season that starts in October.

Coffee was the top-loser on speculation that global supplies will be sufficient to meet demand. Moreover, global economic instability added to concerns that world's consumption may decline.


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