Wheat should go to 540 then target 610

Daily chart,
The commodity WHEAT - cash contract - WHEAT is trading in a soft rising channel (yellow), and the price should test the line R1 at around 540 - After crossing, the target will be towards the channel upper line R2, around 610 , passing through the resistance levels 550 and 563

Stop loss below 505 to be considered.

Technical indicators:

• RSI is in the 50%, with a bullish trend
  
• MACD is about to cross up