Wheat Price Forecast Update – 09-07-2024

by Jennifer

Wheat Price Analysis

Expected Scenario


Wheat price encountered significant downward pressure yesterday, breaking below $576.90 and closing the daily candlestick below this level. This suggests a potential continuation of the decline in the upcoming sessions, targeting around $556.00 as the next downside objective.


Therefore, a bearish bias is expected for today’s trading. It’s important to note that a breach above $583.20 would negate the expected decline and could lead the price to attempt a recovery.

Expected Trading Range

  • Support: $565.00
  • Resistance: $583.00

Trend Forecast: Bearish

You May Also Like


Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright – Futures Market, Investment, Trading & News