{"id":162545,"date":"2019-12-30T10:45:18","date_gmt":"2019-12-30T15:45:18","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162545"},"modified":"2019-12-30T07:29:04","modified_gmt":"2019-12-30T12:29:04","slug":"corn-analysis-the-us-and-china-are-close-to-reaching-a-trade-deal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/corn-analysis-the-us-and-china-are-close-to-reaching-a-trade-deal\/","title":{"rendered":"CORN Analysis: The US and China are close to reaching a trade deal"},"content":{"rendered":"
December 30, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

The US and China are close to reaching a trade deal<\/strong><\/p>\n

The US and China are going to sign a phase one trade deal in early January. Will Corn prices<\/a> rise?<\/p>\n

As part of a trade agreement with the US, China may increase imports of US grains. This primarily concerns US soybeans and wheat, but corn purchases may also increase. Recently, Chinese authorities have stated that some corn plantings in the north-east of the country might suffer from diseases and pests. Now, the main negative factor for corn prices is an excellent, historically high crop forecast in Brazil. Accordingly, the weather deterioration in this country can cause an increase in corn prices.<\/p>\n

\"Corn\"<\/p>\n

On the daily timeframe, the Corn: D1<\/b> bounced off the support line of the rising channel and is trying to move towards its upper boundary. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of an increase in demand and a reduction in world crop.<\/p>\n