Rural commodities advanced on Thursday

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Source: Duakscopy Bank
Rural commodities apart from corn advanced on Thursday on the stronger US Dollar and firmer equities. Grains were mixed with falling corn and jumping wheat prices. Wheat futures were supported by rally of the soybean prices. Moreover, adverse weather conditions in Europe may impact wheat crops thus provoking undersupply in the market.  Corn is expected to rebound in the nearest future due to fresh hopes for China's imports. At the same time, sugar was the top-performer despite expected ample global supplies. Further, coffee erased some of the previous losses, bouncing from 17-year low on the deteriorated weather conditions in Brazil ahead of Arabica coffee harvest.


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Mon, 19 Mar 2012 07:24:35 GMT

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