SINGAPORE: CBOT March wheat may break a resistance at $7.61-1/2 per bushel, and rise into $7.67 to $7.73-1/2 range.

A bounce from the Dec. 6 low of $7.23-1/2 has extended, as confirmed by the rise on Tuesday.

It is riding on a wave c which is capable of travelling into $7.67 to $7.84-1/2 range.

Taiwan tenders to buy wheat from US

Support is at $7.45-1/4, a break below which could open the way towards $7.30-3/4 to $7.38-3/4 range.