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    Can the Wheat Rally Continue or Is This Just Another Short-Term Peak?

    22 May 2025
    Wheat prices jumped 5% this week, reaching a one-month high. Markets reacted to supportive news on both the supply side (weather risks) and the demand side (renewed Chinese buying), triggering a wave of short covering. However, prices are already approaching key technical resistance levels. The coming days will be crucial in determining whether this is merely a short-term bounce or the beginning of a more sustained upward trend.

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