{"id":139015,"date":"2018-12-17T10:55:50","date_gmt":"2018-12-17T15:55:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139015"},"modified":"2018-12-17T06:57:12","modified_gmt":"2018-12-17T11:57:12","slug":"wheat-analysis-demand-for-us-wheat-has-increased","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/wheat-analysis-demand-for-us-wheat-has-increased\/","title":{"rendered":"WHEAT Analysis – Demand for US wheat has increased"},"content":{"rendered":"
December 17, 2018<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Demand for US wheat has increased<\/strong><\/p>\n

The U.S. Department of Agriculture (USDA) noted an increase in demand for US wheat. Will wheat prices<\/a> rise?<\/p><\/blockquote>\n

In its weekly report, the USDA wrote that US wheat exports amounted to 754 thousand tons, which has been the maximum weekly volume since August of the current year. In addition, Iraq signed an agreement on the import of wheat from the United States in 2019. The total volume can reach 2 million tons. Egypt purchased 350 thousand tons of wheat this week. The price per ton was $4-6 higher than a week earlier. The Buenos Aires Grains Exchange has reduced the wheat crop forecast in Argentina in the 2018\/19 agricultural season to 19 million tons from the 19.2 million tons. Now, 57% of crops have been harvested in Argentina. There is a risk of deterioration of the wheat harvest because of frost.<\/p>\n

\"Wheat\"<\/p>\n

On the daily timeframe, Wheat: D1<\/b> is in a rising trend. It breached up the upper line of the rising channel and the movement can accelerate. The further price growth is possible in case of a reduction in the world wheat harvest and an increase in demand.<\/p>\n