Rural commodities were up on dry weather in South America

Note: This section contains information in English only.
Source: Dukascopy Bank
Rural commodities were mostly higher on Thursday amid broadly weaker US Dollar and adverse weather conditions in South America. Sugar, the top performer, approached almost three-month high on the lingering concerns over the Brazilian crop. Moreover, institutional investors and hedge funds showed increased interest in sugar buying. At the same time, wheat lost momentum created due to stronger China's demand for US grains. Corn posted slight gains but the upswing is likely to be capped as USDA warned of corn prices to tumble below 5 US Dollars per bushel on the record high harvest. Coffee inched up by 0.1 after touching 15-month low on Wednesday amid speculation of record coffee crops in Brazil.


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