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Technical Analysis #C-WHEAT : 2015-12-15

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Reduced crop acres USDA has lowered its outlook for crop acres of all kinds of wheat in the US in 2016/17 and toughened the requirements to GM wheat control. Will the prices continue increasing? Since January 1, 2016 the US farmers will have to obtain the permission for sowing GM wheat while there was only notification requirement since 1997. USDA expects the US wheat crop acres to total 53mln acres, down from 54.6mln acres in 2014/15. The harvest may amount to 2.06bn bushels. Due to the

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