Sugar surged on unfavorable weather in Brazil

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Source: Dukascopy Bank SA
Farm commodities rallied on Tuesday on unfavorable weather conditions in North and South America.

Wheat rocketed to four-week high on speculation that worse crops in the US and China will stimulate wheat demand as livestock feed.

Corn surged by over 5% as hot and dry weather in Midwest of the US is expected to erode crops yield potential.

Sugar soared to one-month high as rains in Brazil impact harvest and limit shipments of July futures to New York.

Coffee followed bullish trend as rainfalls in Brazil started to disrupt bean drying and may affect coffee output.


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