Sugar rose as Brazil output tumbled in June

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Source: Dukascopy Bank SA
Farm commodities surged on Tuesday on unfavorable weather conditions in the main growing regions across the globe.

Wheat attained nine-month high on expectations that demand for the commodity to produce feed for livestock will increase as corn price soared.

Corn rocketed as US supplies are dropping at the fastest pace since 1996 on hot and dry weather in the main planting areas.

Sugar rose as output from Brazil's Center South, the largest sweetener's producing region in the world, tumbled by 32% in the first half of June.

Coffee approached one-month high as rainfalls in Brazil hindered harvesting and impacted quality of beans. However, support from the supply risk may fade as Brazil expects no rains in the next 10 days.


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