Agricultural commodites continued falling after US crop report

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank

Agriculture commodities tumbled on Friday following fall in grain commodities after the US crop report indicated higher than expected stockpiles. Even adverse weather conditions in South America were unable to limit the losses. Sugar futures were the most resilient edging down only 0.11%. However, sugar continues to face downward pressure from higher than expected output in Brasilia and Russia coupled with almost unaffected by floods sugar crops in Thailand. However, Societe Generale claims that probable delays or cuts in sugar crop forecasts in India and Thailand may support  sugar price while in short-run it is likely to remain weak due to expected surplus in the market.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.