Sugar soared as Brazilian production may miss estimates

Note: This section contains information in English only.
Source: Dukascopy Bank
Rural commodities rose on Wednesday as dry weather in the US and growing China's demand lifted the commodity pack.

Wheat was the top-performer as dry weather in the US persists and is likely to curb the crops.

Corn advanced by almost 4% as dry weather in the US may impact the harvest while China's demand remains strong. Recently, China bought 900,000 MT of corn.

Sugar jumped to seven-week high on speculation that Brazilian production will be lower than estimated because of unfavorable weather conditions.

Coffee was slightly lower on Wednesday; however, heavy rains in Brazil limited the downward trend.


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