Agricultural commodities lower on the oversupply concerns

Source: Dukascopy Bank
Agricultural commodities, except for corn, posted loses on Friday. Corn, the top-performer, stayed on the positive area mostly due to expected output cuts after severe drought in South America.  Sugar and coffee were the biggest losers amid ample global supplies. At the same time, wheat also lost 0.96% despite speculations over the export restrictions that may be imposed by Russia, Ukraine and Argentine, the largest wheat producers. However, the International Grains Council predicts substantial wheat output despite some production falls and the global market is likely to end this year with 210 million tons wheat surpass.


Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.