Rural commodities continued rally

Note: This section contains information in English only.
Source: Dukascopy Bank
Agricultural commodities continued Friday's rally amid expected fall in South American exports. Grain commodities were the top gainers on Monday as investors anticipate stronger demand for US grains from Asian markets. Sugar price was lifted as China may cut sugar imports due to unfavorable weather during the harvesting period. However, the upward move is likely to be limited as sugar output from the EU, former Soviet Union and Brazil can easily offset the China's sugar production downgrade. Rabobank added to bearish pressure, cutting its outlook for sugar to 20.5 cents per pound between October and December.


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Tue, 21 Feb 2012 13:53:06 GMT

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