Rural commodities declined on Thursday as weather conditions improved

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Source: Dukascopy Bank
Rural commodities apart from sugar declined on Thursday on the firmer US Dollar and uncertainty over China's demand. Grains came under pressure after Brazil reported it plans to boost wheat and corn production. Indian announcement that wheat output is likely to exceed the latest estimate of record-high crops pushed down wheat's price. Sugar also is expected to face ample global supplies as Brazil may double sugar output on the strong China's demand. Meanwhile, coffee retreated again on the anticipation of the record high Brazilian harvest.


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