Wheat prices opened today with a strong rise, breaching the $548.40 level and settling above it, signaling the potential for further gains in the coming sessions. The primary target for the upward movement is the $568.50 level.
A break above $556.40 would facilitate the path toward the anticipated gains, while a drop below $546.60 would halt the bullish trend and shift the price towards a downward correction.
The expected trading range for today is between support at $548.00 and resistance at $565.00.
Trend Outlook: Bullish