Wheat prices made a new high for the move today up to 11.79, we clearly broke above the intermediate double top at 11.47.

If you are bullish the next objective on the chart would be the 12.59 high posted back in early March, if you are bearish your objective would be something around the $11 level where the uptrend line comes in to play and our moving averages.

We expect the wheat market will remain volatile and anything within this range is fair game.