Wheat rose over the week despite no Russia's exports cuts

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Farm commodities except for corn moved higher over the last five trading sessions amid global easing hopes and weaker greenback. Meanwhile, market participants  remained focused on crop conditions in the main growing regions.

Wheat added 0.11% over the week as previous rally was capped after Russia reported that it would not impose any export limitations despite recent drought.

Corn was the only loser, tracking weak wheat's performance on Friday after news from Russia. However, continuous worries over US crop conditions restricted the downside trend of the commodity.

Sugar went up on speculation that output from Thailand, the second-largest world's producer, will drop in 2012-2013 as dry weather is weighting on cane yields.

Coffee added 1.14% over the week despite a 7.2% increase in Indonesian exports in August. Pushing the commodity lower, Colombia reported that its production may rise to 9.5 million bags this year.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.