Rural commodities mixed on supply expectations

Note: This section contains information in English only.
Source: Dukascopy Bank
Rural commodities were mixed with advancing sugar and coffee and falling grains amid broadly lower US Dollar. Wheat and corn futures came under pressure as US planting conditions improved after rains and as Russia announced it would not impose any restriction on the grain exports this year. However, adverse crop conditions in the EU and drought in Brazil may create a lift for the grains. Sugar futures attempted to balance an increase in India's sugar output and a decrease in the Brazilian raw sugar production. Ample global sugar stocks also capped the upswing of the commodity. Meanwhile, coffee gained a spree as Brazilian coffee output declined by 7% in the period between October and March. However, coffee outlook remains bleak as supplies are expected to outplace demand by 1 million bags this season.


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