Wheat price soared amid US crops concerns

Note: This section contains information in English only.
Source: Dukascopy Bank
Rural commodities were mixed on Monday with growing wheat and coffee prices and declining corn and sugar futures. Agricultural commodities as all commodity markets were backed up after Ben Bernanke reported that the US central bank would maintain low interest rates and may provide additional monetary stimulus to increase hiring. Wheat, the top-gainer, was spurred as colder weather in the US may hurt wither crops. At the same time corn came under pressure on the speculation that the US farmers are going to plant the most acres since 1994. Sugar continued its downswing as India allowed more sugar exports. Further, coffee rose ahead of the Brazilian harvest as global coffee stockpiles dropped to a record low level.


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