Wheat Price Analysis Expected Scenario The wheat price managed to touch the bullish channels support line on the chart. Starting today with a bullish bias hints at resuming the main bullish track within this channel. The EMA50 provides positive support to the price, while stochastic overlaps positively now. These factors encourage us to suggest a bullish bias for the upcoming period, with targets reaching $700.00 areas. Note that breaking $661.20 will stop the expected rise and push the price to start a bearish correction, with the first target at $642.00. Expected Trading Range Between $660.00 support and $670.00 resistance.

Trend Forecast: Bullish