date:Oct 10, 2013
to the pit opening.
Talk of good weather in South America and good weather for harvest activity in the US in the forecast helped to spark the selling.
Trade estimates for the October USDA production report (which will not be released this week) were seen as somewhat supportive with average estimates reflecting just a minor increase in production from the September update.
However, focus remains on higher than expected yields and the outlook for a record Brazil crop for the coming growing seas