From Orange Juice to Corn, Agriculture Markets Are Going BerserkBy and
Grains, soybeans plunge as U.S., Brazil boost crop forecasts
Sugar soars as hogs decline to lowest since 2009, cattle slump
Agriculture markets from cattle to wheat went bonkers on Tuesday. Governments in the U.S. and Brazil boosted the forecasts for their biggest crops, sending corn, soybeans and wheat lower. Meanwhile, livestock futures tumbled on signs of an increasing meat glut, while sugar and orange-juice futures soared on supply concerns.
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