# How Much Higher Can Wheat Prices Go Now?

> Barchart columnist Jim Wyckoff said March SRW wheat futures broke a downtrend this week, with MACD turning bullish and $5.30 seen as key chart resistance. He noted that wheat rallied on rumors of Chinese buying of U.S. wheat, and that crude oil gains were supportive. The contract low is $5.08-1/2 and the upside objective is $5.80.

- Date: 2025-10-24 · published 2025-10-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5433-how-much-higher-can-wheat-prices-go-now
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Technical breakout and rumored Chinese demand point to upside for SRW futures, with firmer crude oil giving additional support through biofuel and cost links.

## Read by commodity

- WTI: bullish ▲
- WHEAT: bullish ▲

## Sources

- barchart.com: https://www.barchart.com/story/news/35660330/how-much-higher-can-wheat-prices-go-now

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.