Tech Guy Opening Calls 3/2/25

May Wheat - Steady to 1.50 Higher

May Corn - 0.50 Higher to 0.50 Lower

May Soymeal - 0.10 Higher to 0.20 Lower

May Beans - Steady to 1.00 Higher

Crude price - 70.21, up 0.45

S&P price - 5957.25, down 6.00

April Crude oil marked it's high 6 cents below the 70.35 resistance level, after rallying a bit more than a buck from the lows. Crude is winding up into a small triangle, and will break out eventually.

support - 69.50, 68.40

resistance - 70.35-70.55, 71.30

Will resume grain comments, support and resistance tomorrow.