Agricultural commodities fell on the ample supplies

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Source: Dukascopy Bank
Agricultural commodities, excluding sugar, dropped on Wednesday on the expected surplus in the market. Coffee crops are likely to be even 3% larger than the initial estimate, reported the ICO. Biggest coffee producers as Ethiopia and Brazil plan to increase essentially coffee output over the next three years. However, coffee continued to draw support from easing worries over Colombia's and Kenya's crop outlook. Colombia's coffee output is expected to hit 35-year low while Kenyan crop is likely to shrink 13% due to unfavorable weather conditions during the current coffee season.


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