Commodities: Chinese farm imports set to almost double over coming decade

US dollar strength on the back of weakness in the single currency, as the situation in Greece continued to simmer, weighed on the commodities complex on Tuesday.

The Bloomberg commodity index was off 0.4% to 100.74 by the closing bell.

Three-month copper futures ended the session 0.8% lower to $5,951.0 per metric tonne.

Ol futures Stateside ended the day lower too after Saudi Arabia called off its recent aerial offensive in Yemen.

Three-month tin futures were the oulier, gaining 7% to end the day at $15,505 per metric tonne on the LME.

Corn futures on the Chicago Board of Trade (CboT) ended the session down 1.3% to $3.73 per bushel.

Speaking from Lausanne, the head of Cofco the Chinese state-owned grain trader, laid out plans to turn the company into a publicly listed global powerhouse.

Cofco´s chairman predicted that China´s farm imports will rise from 120m tonnes to 200m tonnes in a decade as people consume more meat and milk, the Financial Times reported.

Gold futures for June delivery gained $7.3 to finish the session at $1,203.1 per ounce on COMEX, despite a rising US currency unit.