Rural commodities increased despite high world's crops

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Source: Dukascopy Bank
Agricultural commodities advanced on Monday despite expectations on high world's crops. Even stronger US Dollar failed to weight down on the rural commodities price. Grain commodities mainly tracked soaring soybean futures on the record strong China's demand. However, the upswing may be capped due to reports on the expected high EU crops even despite adverse weather conditions in winter and threat of drought in Spain. Sugar also extended its rally on the Brazil crop concerns. Meanwhile, coffee bounced from previous losses and added 0.49% on the speculation over South American Arabica coffee harvest.


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