CBOT wheat may retest resistance at $7.03-1/4

CBOT December wheat (WZ26) may retest a resistance at $7.03-1/4 per bushel, a break above which could open the way towards the $7.08-3/4 to $7.12-3/4 range.The contract has stabilized around a key support at $6.88, one of the possible bottoms of a downtrend from $7.43-1/2. The current bounce may co…