Wheat Price Analysis Expected Scenario Wheat price ended yesterday positively, breaching the 701.10$ level and closing the daily candlestick above it. Today, it started with a bullish rally to continue rising within the bullish channel on the chart, aiming to achieve additional gains in the upcoming sessions, with targets starting at 720.00$ and extending to 746.00$ after surpassing the previous level. Therefore, we expect to witness more bullish bias in the upcoming sessions. Note that breaking 701.10$ will halt the suggested rise and push the price to turn to decline on the intraday basis. Expected Trading Range Between the support at 710.00$ and the resistance at 725.00$.

Trend Forecast: Bullish