Currently, it formed a on daily, MACD/RSI convergent with price that is going up.
First, breaking into a new 15 day high, above 530 would mean breaking the small and going up.
Breaking the 200 day at 535$ would make wheat go into an uptrend, all the way to 600.
Hedge funds are cutting wheat shorts:
Neutral-long for wheat .
If 535 isn't broken in 2 weeks, price will likely go down.