The contract may directly test the resistance zone of 3,447-3,506, if it opens flat. On the daily chart, the drop is against the uptrend from 1,939 ringgit.
"The current moisture levels and the outlook for the coming 2021/22 Australian grain winter crop are looking good in most areas so far and may well continue to improve," Ole Houe, a director at brokerage IKON Commodities in Sydney, said.
"Although some of the rises in commodity prices has been driven by speculators, there is also a genuine increase in demand as the global economy reopens," said Catril.