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Tech Guy Opening Calls 03/01/2022

May Corn steady

May Beans steady to up 1

May Wheat steady

Levels of: Support and Resistance

Wheat $9.28, then $9.11; $9.60¾

Corn $6.76, then $6.54 $7.16¼

Soybeans $16.13, then $15.78 $16,.71, then $17.59

Today's price action was more like a steady bull. If you know what the fear index (VIX) in equities (sptocks) is, that index was way down today in grains.

Volatility up = more fear, less confidence.

Volatility down = less fear, more confidence.

We will see if the market can string 2 or 3 days in a row like today to confirm this violent correction is over.


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