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SINGAPORE: CBOT wheat may test a resistance at $9.18 per bushel, a break above which could lead to a gain to $9.33.
So much of the fall from $9.22-1/2 has been reversed that wheat could revisit this level.
The resistance zone of $9.18 to $9.22-1/2 is expected to temporarily stop the rise and trigger a correction.
Wheat eases after rally; Black Sea supply woes limit losses
A drop below $9.00-1/4 may open the way towards the range of $8.78-1/2 to $8.93-1/2.