Rural commodities were higher on Tuesday

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Source: Dukascopy Bank
Rural commodities apart from wheat added to previous gains on Tuesday along with improving global economic outlook. Wheat lost 0.19% while corn jumped by 0.37%. Argentina reported it postpones granting new corn export permits until April because of lower crops caused by adverse weather conditions. Moreover, speculation over strong China's demand for corn also continued to stimulate price growth. In addition, Syria is expected to boost its grain exports after poor weather and civil unrest. Sugar was the top-gainer despite expected oversupply in the market. Meanwhile, coffee also managed to climb by 0.7% but remained close to 17-month low amid ample global Arabica coffee supplies and looming Brazilian harvest.


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