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Wheat prices have experienced a notable decline after reaching the anticipated target of $623.70. The market is now expected to test the $599.00 level, which, if breached, could subject prices to further negative pressure, with a potential next target of $585.00.
Market analysts predict that without a significant rally pushing prices above $623.70 and maintaining that level, additional declines are likely in the coming sessions.
For today, the expected trading range for wheat is set between a support level of $595.00 and a resistance level of $615.00.
Related topic:
Top 5 Reasons Why Wheat Futures Are Falling