Coffee boosted by expectation for stronger demand

Note: This section contains information in English only.
Source: Dukascopy Bank
Agricultural commodities were volatile on Thursday as traders expected USDA report on the world crop estimates.

Wheat rose as USDA lowered its forecast for the US stockpiles in the end of this season as exports are likely to increase.

Corn was the only loser after USDA added a billion bushels to the total world's output estimate as US production is likely to rocket this year.

Sugar was marginally higher as Brazilian crops may be lower after Brazilian government failed to revive the sweetener's planting because of drop in overseas loans.

Coffee was top-performer, raising the most in more than a week on speculation that global demand will continue to increase despite slowing growth in the Euro Zone. Global coffee consumption is expected to gain 2% in the current marketing season.


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