March soft red winter wheat futures present a buying opportunity as prices are trending up and hit a 2.5-month high. The MACD indicator is bullish, with the blue line above the red line. China’s interest in purchasing U.S. wheat has tightened the global supply and demand balance sheet, creating potential for a move above resistance at $5.57 1/4. A protective sell stop can be placed at $5.30.

Read more at Yahoo Finance: China Wants to Buy U.S. Wheat. How to Play Wheat Futures Now.