Last Monday, wheat broke the 550 support, and that's when I became extremely . Today, I believe a new uptrend has started, and the next days are going to confirm or infirm this. A close above 550 would confirm a false downside breakout, and combined with divergences and with a weekly chart that looks pretty good, a sort of a with a divergence (weekly here : https://www.tradingview.com/x/1hSLHGs8), Wheat has all the chances to rally back to 700. Till 700, there is the at 620, which is pretty strong. The is not yet published here on tradingview, but a strong for today would add to the bullishness of this chart.
Check out my previous charts on wheat . I am not going to take this trade, my portofolio size does not allow me to trade many of the offered. If anyone knows of stock, that is closely related to wheat , please leave a comment.