July KC Wheat Chart

Wheat prices exploded to new contract highs this week, in fact KC July wheat has rallied nearly $3 per bushel in less than 3 weeks.

Yesterday the market tried to fill a gap that was left in the charts on Monday morning, we filled a good share but not completely.

That gap was down to about 12.92, about another 30 cents below where we closed today.

We also would have significant chart support at the breakout level at 12.59.