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Wheat prices saw a notable increase yesterday, reaching $532.10 and attempting to maintain that level. However, technical indicators are signaling potential declines, suggesting a drop to $495.00 could be imminent. Traders should anticipate negative movements in the near term, though a breach of $536.00 could shift the trend, leading to further gains.
Today’s expected trading range is between $515.00 and $540.00.
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