Sugar tanks amid ideas of bumper Brazilian harvest

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities were mixed on Tuesday ahead of the USDA supply report due on March 28. Logistics problems in Brazil as well as unfavorable weather in Argentina and US Great Plains also were supportive for farm commodities. However, talks over bumper Brazilian crops pushed the commodity sector lower.

Wheat advanced despite speculation that investors are closing bets ahead of the USDA report that is expected to show that the country's wheat inventories declined the least compared to corn and soybeans.

Corn slid on speculation that declining US cattle herds will reduce demand from livestock producers. About 1.482 million young cattle were placed into feedlots in February, indicating a 14% annual drop. At the same time, talks that US inventories may have fallen more than expected restricted a decline in corn prices.

Sugar reached a five-week low on ideas that cane farmers in Brazil will harvest bumper crop thus increasing global oversupply. Production in Brazil Centre South is forecast to exceed the last year's record in the season that stars next month.

Coffee jumped on logistical problems in Brazilian ports. However, the upswing is limited by a looming start of Colombia harvesting.
Back to articles

Actual Topics

Wed, 27 Mar 2013 10:30:11 GMT

WTI is little changed after U.S. report on Wednesday

West Texas Intermediate oil was little changed on Wednesday traded close to its highest level in five weeks after a report said that durable goods orders and house prices advanced in the world's biggest consumer of the commodity. May WTI futures went down by 19 cents to $96.15 a barrel on NYMEX after it rose $1.53 to $96.34 yesterday.

Thu, 28 Mar 2013 12:24:07 GMT

South Korea's GDP advances 0.3% in Q4

South Korean economic growth accelerated by a seasonally adjusted 0.3% in the last three months of 2012 from the previous quarter compared to an original estimate of a 0.4% increase, according to a report released by the Bank of Korea on Tuesday. The report showed that the nation's GDP grew 1.5% on an annual basis in the Q4, while for

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.