Wheat dips ahead of USDA monthly supply report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities, excluding corn, finished Tuesday's session in the red territory, being pressured by solid US Dollar. Increased caution ahead of the USDA monthly report on global supplies also weighed on rural commodities.

Wheat edged lower ahead of the key USDA report due on Friday. However, the grain may seek support on US winter crop concerns and lower Argentina's harvest. Argentina's northeastern province of Entre Rios lost about 50% of its wheat harvest because of heavy rainfalls.

Corn was the only gainer, advancing for the second consecutive session on speculation that the USDA is likely to cut its harvest forecast due to severe drought last year.

Sugar dropped amid oversupply on the market. However, index funds' rebalancing may provide support in the next sessions.

Coffee tumbled as investors turned to ample supplies from the world's the top and the second biggest producers, Brazil and Colombia. Brazilian Arabica coffee production.
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