Tech Guy Opening Calls 7/6/25

Sep Wheat - Steady to 0.75 Lower

Sep Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.07 Lower

Nov Beans - Steady to 2.00 Lower

Crude price - 66.18, down 0.82

S&P price - 6302.25, down 22.00

President Abraham Lincoln created the USDA on 15 May 1862 to support farmers who were growing the food to feed the civilians and the soldiers fighting to save the Union. Lincoln believed that agriculture was vital to a stable society, and he wanted to show the nation’s gratitude to the nation’s farmers with research and development of farm equipment and the best varieties for crop production through a structure for agricultural production education. Since more than half of America’s population were farmers, Lincoln called the USDA The People’s Department.

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