© Scanpix/Reuters
|
Wheat was the only gainer, climbing for the second consecutive session. The USDA reported that US winter-grain conditions are the worst in 27 years.
Corn dropped despite worries that rains in Brazil may cause delay in early-season corn harvesting. However, the USDA announced that about 91% of the US corn was harvested by the end of last week, creating additional pressure on corn prices.
Sugar declined for the second session in a row on signs that world's supplies are likely to be ample. China's sugar inventories are expected to rise to a record six million metric tons in the year that began October 1.
Coffee slumped to four-month low after the largest operators of New Jersey warehouses reported no damages to coffee inventories from Hurricane Sandy.