Tech Guy Opening Call & Comments 6/30/25

Sep Wheat - 0.50 to 1.00 Lower

Sep Corn - 0.50 Higher to 1.00 Lower

Dec Bean Oil - Steady

Nov Beans - 0.25 Higher

August Crude Oil maintained it's range trading today, while marking the low 35 cents below the 64.85 support level, then rallying about 1.30 from low to high.

support - 64.55, 64.00, 62.30

resistance - 66.35, 67.30

November Soybeans marked the low 3.25 cents below the 1016.50 support price, then rallied about 25.00 cents from the low to the high, which was about 3.00 cents below the top stated support number.

support - 1025.00, 1018.00

resistance - 1038.00, 1050.00

December Corn marked it's high 1.00 cent above the 428.50 resistance level, then sold off about 7.00 cents to midway between the 2 stated support points.

support - 422.00, 419.00

resistance - 429.50, 434.75

September SRW Wheat marked it's low 1.25 cents below the 536.50 support price, then rallied about a dime low to high, then later sold back down about 7.50 cents into the close.

support - 534.50, 531.50

resistance - 545.00, 548.00, 553.50

September HRW Wheat marked it's low about midway between the 2 stated support numbers, after selling off about 12.00 cents from high to low.

support - 524.50, 517.50

resistance - 537.00, 543.00

September Spring Wheat marked it's low 1 tick below the 619.00 support number, after selling off about 17.00 cents from the high to the low print.

support - 619.00-618.00, 612.00

resistance - 636.00-638.00, 646.00

Brazil:

Brazil’s soybean production has doubled in the last 20 years, but its corn production has tripled. Twenty-five years ago, Brazil was a net importer of corn. During the 2023-24 marketing year, for the first time ever, the U.S. was not the world’s leading corn exporter; Brazil was. What made Brazil the world’s number 2 corn producer? Asian Leaf Rust.

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