Rural commodities fell on thye improved US crop prospects

Note: This section contains information in English only.
Source: Dukascopy Bank
Agricultural commodities retreated on Wednesday on the firmer US Dollar and improved prospects on the US crops. Wheat approached five-year low amid speculation about ample US supplies as recent rainfalls are likely to boost winter harvest. Corn continued to be pressured as US farmers are expected to plant the most acres since the Second World War. Sugar dropped as possible delay of the Brazilian harvest was easily offset by India's decision to increase its exports. However, the commodity may gain a spree as the EU may increase imports this year. Coffee tumbled after rallying for several sessions earlier this week as hedge fund managers impacted the overall market sentiment by increasing net short positions in coffee.


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Fri, 30 Mar 2012 05:58:41 GMT

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