Wheat advances as Russian harvest falls

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Agricultural commodities except for coffee rose on Wednesday on unfavorable weather conditions in South and North America.

Wheat soared for the third session in a row as dry weather damaged Russian crops. Russian harvest was 12% lower on June 1 as compared to the same period in 2011.

Corn was higher despite potential fall in ethanol demand in the light of slowing US economy.

Sugar continued to appreciate as rains in Brazil may impact crops. However, the upswing was capped as Australian sugar exports rocketed to three-year high last month.

Coffee was the only loser ahead of the harvest from Brazil.


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