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Wheat prices struggled to maintain levels above $599.00, experiencing a significant drop that has pushed them back below this threshold. This movement is expected to create negative pressure on prices in the upcoming sessions, with a primary target set around $568.50.
As a result, further declines are anticipated on an intraday basis unless prices manage to breach the $599.00 mark and close above it on a daily basis.
Today’s expected trading range is projected between $570.00 as support and $595.00 as resistance.
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