The US Department of Agriculture upgraded Brazilian corn production futures by 1.5 million tonnes in February – resulting in a drop of corn prices in the commodities market. Wheat, which is in constant competition with corn, also dropped in price. This is good news for industries using these commodities. Francisco Redruello, Senior Foods Analyst at Euromonitor International, offers trends and predictions for other soft commodities such as cocoa, sugar and milk powder.

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