Corn tumbled as weather conditions improved

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Source: Dukascopy Bank SA
Agricultural commodities slid on Tuesday as weather conditions in top grain growing regions improved.

Wheat lost more than 2% after meteorologists reported that rains are expected in the US and Black Sea region.

Corn was the worst performer as rains in the top grain producing regions are likely to boost prospects for current crops.

Sugar extended previous losses as global supplies are likely to be ample.

Coffee dropped as Colombia's output is expected to rise to five-year high of 9 million bags in 2012-23 season due to La Niña weather pattern.
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Wed, 23 May 2012 13:02:47 GMT

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