Daily Chart
Wheat price drops from the peak since my post "
Wheat Seasonal Play" last month. Today it drops to near critical support level again. This support should hold it and it will re-bounce from here. It will enter into seasonal bullish cycle for next few months. I think this is the best time to buy.
Monthly Chart
Wheat is now at multi-years low and it would not stay so low for long period. Wheat has broken the 5 years downtrend line and it will enter into long-term bull cycle again if it breaks the $464 resistance. It can be anytime from now...