Coffee soared as rains in Brazil delay crops

Source: Dukascopy Bank SA
Rural commodities apart from coffee decreased on Thursday on long-awaited rains in the US and expected demand fall as global economy slows.

Wheat futures retreated from four-week high on speculation that wetter weather in the US Great Plants will boost harvest.

Corn was the top-loser as large harvest in Brazil is likely to add to global surplus while stagnating US growth weights on demand perspectives.

Sugar plunged after India reported its sugar exports soared after the country removed export restrictions.

Coffee was the top-performer as rainfalls in Brazil are likely to delay harvest and damage crop quality.



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