# Wheat on track for second weekly profit as dollar trades flat

> Wheat futures rose nearly 2% in US trade following data showing the US as the second-largest wheat exporter and amid dry weather in southern America. USDA reported wheat export sales of 297.2kt for the week ending April 19, above expectations. The dollar index was flat on the session.

- Date: 2018-04-27 · published 2018-04-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11228-wheat-on-track-for-second-weekly-profit-as-dollar-trades-flat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Dry weather in South America and solid US export demand support wheat prices. Higher wheat values raise costs for wheat-based feed ingredients.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-04-30 | 1 | +2.3% | 3.2 | Describes wheat gaining nearly 2% on strong export sales and dry weather, showing a rally with demand support just before the move, though it is dated April 27. |

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-on-track-for-second-weekly-profit-as-dollar-trades-flat-22853

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.