Wheat Crab Tell us about Talks.Wheat futures remain in a consolidation phase as market participants closely monitor developments in Russia-Ukraine negotiations, which could significantly influence global grain supply dynamics.
Meanwhile, technical analysis highlights a potential bullish signal, with the Crab harmonic pattern suggesting a possible price rebound from the 5,300 level.
Traders are advised to stay cautious, as geopolitical uncertainties and technical factors could lead to heightened volatility in the near term.