Wheat dropped on weakening demand

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities depreciated on Friday as global financial worries weighted on the demand prospects.

Wheat plunged by almost 5% amid softening demand for US exports. The USDA reported that US wheat exports missed expectations last week.

Corn attained 18-month low as dismal data from the EU, US and China eroded demand hopes.

Sugar extended previous losses on expectations for ample global supplies as depreciating Brazilian and Indian currencies stimulate export potential.

Coffee tumbled as world output may outplace demand due to large crops in Latin America.


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