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Wheat tanked as demand for US exports continued to deteriorate. South Korea bought Australian wheat, while Russia is set to export by 2 million tons more wheat in 2012-13. Adding to the negative of the commodity, Ukraine is not likely to restrict exports in the near-term.
Corn sagged 0.75% after the USDA reported US exports dipped 69% last week. However, the fall was partly offset due to threats to corn crops in South America.
Sugar was flat, balancing between a potential decline in world's oversupply next season and demand concerns amid slowing global economy.
Coffee was the top-loser, sliding 3.71% on rising Brazil's exports. Moreover, a rebound in Colombian output pressurized coffee futures.