Feed wheat prices continue to be under pressure because maize - an alternative to wheat - remains highly competitive. Good weather in the US and the EU have also increased supply, while tension from the uncertainty in Ukraine has also started to ease, further relieving pressure on prices.

Weak demand for cotton yarn is pushing down the price of cotton - currently down 12.1% year on year, having fallen by 11.6% over the past month.

Meanwhile, dry weather in India continues to take its toll on the coconut oil market, causing production to fall and prices to rise. Copper prices have also been on the rise - helped by lower stockpiles in China and plans by the Chinese government to reform its financial markets.

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