Wheat rose on potential Ukraine's exports restriction

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities advanced on Friday amid mounting concerns that supplies from Ukraine may be disrupted. However, renewed global growth concerns and broadly stronger US Dollar capped gains of rural commodities.

Wheat gained on concerns that Ukraine will impose export restrictions. Volodymyr Klymenko, head of Ukraine's Grain Association announced that wheat shipments are likely to attain 5.3 million MT by mid-November, thus threatening to exhaust affordable grain surplus.

Corn moved in sync with wheat, climbing by 0.1%. Corn usually moves in tandem with wheat as both commodities can be used as livestock feed.

Sugar was the top-performer despite ample global supplies. China's sweetener's production is expected to climb by 18% in 12 months starting from October 1.

Coffee rallied despite rising exports from Latin America. Latin American coffee exports advanced to 2.22 million bags last month compared with 1.62 million bags a year earlier, according to Anacafe.


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