Farm commodities, excluding coffee, dropped on Wednesday on broadly stronger US Dollar and lack of easing measures from the Fed. Long-awaited rains in US also pushed rural commodities lower.
Wheat was the top-loser, falling to one-week low amid signs that US spring crop yields may rise after rains. However, reports that Russia's output is likely to fall by more than 16% this year limited losses of the commodity.
Corn lost almost 0.6% as recent jump in prices started to weight on China's imports. Meanwhile, Chinese government is preparing to sell state reserves to lower corn prices.
Sugar retreated despite the worst drought in India in the last three years. Unfavorable weather conditions are hurting sugar harvest and may force the government to impose export restrictions.
Coffee was the only gainer despite weak fundamentals. Brazilian weather improved while weak economic state worldwide may impact consumption.