Agriculture commodities rallied on Monday

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Source: Dukascopy Bank
Agricultural commodities rallied on Monday after facing sharp fall in the end of last week after US crop report release. Soft Euro after mass credit downgrades in the Euro Zone helped wheat to remain in a positive territory. Moreover, lower than initially expected wheat crops in Europe created strong support to the grain commodities. At the same time, wheat prices are expected to ease down after opening of the US markets that were closed for holiday on Monday. Furthermore, improved forecast for Argentina's wheat crops may put additional pressure on the wheat price.

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Tue, 17 Jan 2012 16:41:21 GMT

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