Wheat is an agricultural crop grown in most countries of the world. The leaders in wheat exports are the USA, Canada, Russia, China, France, and Australia.
When making a wheat forecast, it is important to monitor changes in weather conditions in producing countries since droughts, frosts, and floods can cause significant damage to the crop. In addition, wheat, like other agricultural crops, is susceptible to diseases and pest attacks.
Wheat cost is also dependent on the time of the year. The rate decreases significantly during the harvest period and rises towards the beginning of sowing. As a rule, sowing lasts from early spring to early summer, and harvesting begins in June-July (depending on climatic conditions in a particular region).
During WHEAT trading, it is important to keep track of agricultural news. Any changes in this sector of the economy have a positive or negative impact on quotes. Pay special attention to new methods and technologies, the availability of arable land, water resources, and labor force in the producing countries. In addition, political and economic conditions in exporting countries can significantly impact the WHEAT rate.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
