Wheat Price Analysis Expected Scenario Wheat price opened todays trading with a clear decline, aiming to test the $569.80 level. This suggests a potential shift towards a downtrend, prompting us to remain neutral until the price confirms its situation relative to the mentioned level to determine the next targets more accurately.

If the price confirms the break below $569.80, it is likely to target the $557.20 areas initially. However, consolidating above this level will indicate a resumption of the correctional bullish track, with the next target at $583.50.

Expected Trading Range Between the support at $560.00 and the resistance at $580.00

Trend Forecast: Neutral