Wheat fell as weather forecasts improved

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities dropped over last week as weather conditions in the top-growing regions are likely to improve.

Wheat lost almost 4% over the last week on speculation that long-awaited rains in Russia and Australia will boost crop prospects.

Corn was the top-loser as China plants to increase supplies while worries about the Euro Zone's demand pushed the commodity lower.

Sugar extended previous losses as global supplies are expected to be ample. However, strong demand from Sudan, Iraq, Egypt and Syria restricted the downswing.

Coffee dropped, approaching 22-month low due to record high Brazilian crops and improving harvest prospects in Colombia.


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