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Wheat prices have opened today’s trading session on a positive note, surpassing $557.50. This move suggests potential gains in the coming sessions, with initial targets set at $578.40, marking the first significant correction level from the previous decline that started at $728.30. If this level is breached, further gains could extend to $607.00.
Intraday trading is expected to continue rising unless prices drop below and hold under $550.50.
Today’s anticipated trading range is between a support level of $550.00 and a resistance level of $575.00.
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