Wheat March first support at 482/481 is the strongest of the day. Below however targets minor support at 477/476. Failure here risks another slide to 472. Below here watch the 466/465 December lows.
Holding first support at 481/482 targets minor resistance at 485/486 then stronger resistance at 491/492. A break higher retargets our selling opportunity at 499/500. Just be aware that a break higher would target 100 day moving average resistance at 502. A break above 503 is a buy signal to target resistance at 507/508.