Corn slid amid weak demand for US supplies

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Farm commodities plunged on Friday as demand for US supplies continued to shrink. Stronger US Dollar as well as concerns over a  slowdown in Asia and eurozone also weighted down on rural commodities. Meanwhile, traders continued to monitor weather forecasts in the top-growing regions to gauge global supplies.

Wheat futures declined as demand for US exports dropped sharply due to availability of cheaper supplies from Russia.

Corn moved lower as strong greenback and weak demand for US grain pushed the corn futures lower.

Sugar dipped despite hopes that lower price will attract more buyers. At the same time, ample global supplies continued to weight on the sugar price.

Coffee attained seven-week low on worries that slowing global economy will pressurize world's consumption.
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Mon, 29 Oct 2012 09:24:56 GMT

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