© Scanpix/Reuters
|
Wheat gained on concerns that Ukraine will impose export restrictions. Volodymyr Klymenko, head of Ukraine's Grain Association announced that wheat shipments are likely to attain 5.3 million MT by mid-November, thus threatening to exhaust affordable grain surplus.
Corn moved in sync with wheat, climbing by 0.1%. Corn usually moves in tandem with wheat as both commodities can be used as livestock feed.
Sugar was the top-performer despite ample global supplies. China's sweetener's production is expected to climb by 18% in 12 months starting from October 1.
Coffee rallied despite rising exports from Latin America. Latin American coffee exports advanced to 2.22 million bags last month compared with 1.62 million bags a year earlier, according to Anacafe.