Wheat often makes seasonal lows in early June. It seems is coming out from a tight consolidation around the 700.0 level (20EMA). Target would be 739.0 at the median line , also late march high - possible resistance.
Here is a look at a chart in progress. If you thought my other charts had too many fans, your going to really like this one. I think it has too many fans and I am having a hard time making any sense of it. But I'll keep looking anyway.