Wheat dropped despite global supply concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Agricultural commodities balanced between global demand concerns and potential supply cuts. Broadly stronger US Dollar also weighed on the commodity pack.

Wheat extended previous losses despite speculation that droughts in the US, Russia and Australia are likely to impact the crops.

Corn was sharply lower as cooling China's economy and turmoil in the Euro Zone added to worries about fall of the global demand.

Sugar was the only gainer; however, fundamentals are still weak as demand softens while potential supplies are expected to top record levels.

Coffee was unchanged, remaining near 22-month low as Brazil predicts its export to attain record level of 2 million bags this month.

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