Argicultural commodities fell on improved weather condoitions in South America

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Source: Dukascopy Bank
Agricultural commodities edged lower on Monday amid more favorable weather forecasts in South America. Corn was the top loser, falling by 1.56 over the day as expected rains in South America may lower the risk of essential decrease in global crops. At the same time, agricultural traders continued to eye developments over the Greek debt restructuring. However, Rabobank advices investors to be cautions as improved weather conditions do not guarantee better crop supplies. Commerzbank also expects an increase in corn's price to USD 7.20 a bushel in Q4 of 2012.


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