CBOT wheat may fall to $6.97-1/2

CBOT December wheat (WZ26) may fall to $6.97-1/2 per bushel, as suggested by a bearish wedge and a projection analysis.The pattern has been confirmed, indicating a further drop toward $6.97-1/2, the 114.6% projection level of a downtrend from $7.43-1/4.A break above $7.08-3/4 may lead to a gain int…