Wheat futures price technical charts show strong support at $6.10 and resistance around $6.32, giving traders clear risk management levels while awaiting next week’s WASDE supply-demand report. More: Mornings are getting more expensive. Here's why the price of coffee is so high From a regulatory and policy perspective, persistent low wheat prices could prompt calls for government intervention. This might include discussions around new subsidy programs, adjustments to existing agricultural policies, or even trade measures to protect domestic farmers. Historically, periods of agricultural oversupply have often led to government-backed initiatives to stabilize farm incomes and manage commodity stockpiles. For instance, the U.S. has a long history of agricultural support programs, and similar situations in the past have seen the implementation of price supports or acreage reduction programs. The current situation echoes past cycles of boom and bust in commodity markets, where periods of high prices encourage increased production, eventually leading to oversupply and price corrections. The key difference this time around is the scale of the projected surplus, which appears to be more substantial than in recent memory. Analysts caution that wheat futures price volatility may spike next week when global weather models update, potentially impacting yield forecasts across Kansas, Australia, and Eastern Europe.