The wheat futures markets are in accelerating price uptrends and have this week hit nine-month highs. Is there more room on the upside in this market? My bias is, not much, at least in the near term. World supply-and-demand fundamentals in the wheat market are not at all bullish. However, speculative money has started to flow back into the grain futures markets, which could prove me wrong and continue to push wheat, corn and soybean futures prices north. If you look back a few years in price history, the grain markets were trading at much higher levels than they are now. Stay tuned!