Rural commodities plunged on Thursday as improving weather in the US and Brazil boosted supply prospects. From the demand side, disappointing outcome from the ECB meeting weighted down on potential consumption.
Wheat declined for the third consecutive day as the US government may suspend alternative fuel-mandate after severe drought in the US.
Corn tumbled as changes in the US ethanol-fuel mandate are likely to result in increase in corn supplies.
Sugar was the top-loser on speculation that India will impose 10% margin on futures contracts to halt price rally.
Coffee went lower after Costa Rica announced a 69% increase in coffee exports in July. Meanwhile, improving weather conditions in Brazil also pushed coffee futures down.