Grain commodities advanced on supply concerns

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Source: Dukascopy Bank
Rural commodities, excluding coffee, advanced on Wednesday. Wheat was the top gainer but the pace of rally slowed down on the improving weather conditions in the US, implying that wheat output is sufficient to meet global demand. Corn mainly followed the wheat lead. Sugar continued to draw some short-living support from the expected shortage of exports from the main cane sugar producer, Brazil. However, long-term prospects for sugar remained bleak. Coffee, the only loser, approached 15-month low on the speculation of the record high Brazilian crop.


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Fri, 24 Feb 2012 07:24:59 GMT

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