Wheat futures bid on the possibility that the Black Sea Grain deal may not be renewed. Betting on Turkey's President Tayyip Erdogan to appease Russian demands, maybe a market misprice. Wheat price looks supported for further gains.

Wheat futures price/s  Current bid:        6.47

                                     Support:            5.66

                                     Resistance:       7.65

Russia may cancel and/or negotiate the Black Sea Grain deal to the favor.

Reuters:  "Putin-Erdogan talks only hope for Black Sea grain deal extension- RIA "

Euronews: "Doubts remain over Black Sea grain deal, as renewal deadline draws closer"