Should work just fine. I rotate ground with some guys who are row cropping marginal ground. They usually do a row crop for 1-2 years and then wheat or barley crop, then I plant it back to grass for a few years. Some places are fenced, on others I will do high tensile or just two strands of electrified barbed wire. If you are talking large acreage a soil test will pay, you will probably need lots of Nitrogen as wheat uses lots of N for a grain crop. I have found that usually little ground work is needed, I have a large heavy offset disk that will make a nice seedbed in one pass if the straw from the wheat has been burned. Dealing with the stubble if you cannot burn can be tough if it was a heavy grain crop, and the straw will tie up even more N as it decomposes. I know that some people no till grass into stubble, I have no experience with it. If it is dryland (I am in an irrigated area) that might be a better option.
Seems as though this land ALWAYS grows more grass than land that has always been in pasture. Only real problem I have had is there is never a loading chute around, always dragging panels around to load them.