Agricultural commodities rallied on supply concerns - News - Dukascopy Bank

Wed, 25 Jan 2012 18:04:52 GMT
Source: Dukascopy Bank
 
© Scanpix/Reuters
Agricultural commodities rallied on Tuesday amid concerns over lower global crops. Unfavorable weather conditions in South America impacted severally the crops of grain commodities and coffee. At the same time, sugar remained resilient to the expected ample supplies. Corn futures extended the gains of the previous sessions on the speculation that the largest producers like Russia and Argentina plan to curb corn output. However, broadly stronger US Dollar and situation in Greece may limit the upswing.



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