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Wheat Prices Surge Above $548, Targeting $568.50

by Daisy

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.

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The expected trading range for today is between support at $548.00 and resistance at $565.00.

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Trend Outlook: Bullish

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