Grain commodities jumped; coffee and sugar tumbled

Note: This section contains information in English only.
Source: Dukascopy Bank
Agricultural commodities faced mixed performance on Wednesday, with grain rallying and coffee and sugar falling. Grain commodities found support on the broadly weaker US Dollar and fears over possible exports curbs by the major producers as Russia and Argentina. Coffee lost 1.22% on Wednesday on the surging coffee stockpiles at ICE Futures Exchange and improved weather conditions in Brazil. Moreover, negative outlook on agricultural commodes of ABN fueled fears over the potential price fall; the bank expects coffee price to average at USD2.10 per pound in Q1. However, coffee may be backed up by shortage of high quality Arabica coffee beans and 8.8% decline in the Peru coffee output.


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