Tech Guy Opening Calls & Comments 1/15/25

March Wheat - Steady to 0.50 Lower

March Corn - Steady to 1.25 Lower

March Bean Oil - 0.05 Lower

March Beans - Steady to 0.75 Lower

March Crude Oil marked its low price 37 cents below the 59.15 support level, after selling off about 2.10 bucks from 1 tick above the 61.00 resistance number on the opening bar.

support - 58.75, 58.35, 57.90

resistance - 60.60, 61.75

March Soybeans marked the high price 3.25 cents beyond the 1055.00 bracket resistance point, after rallying about 16.50 cents from the overnight low price print.

support - 1048.25, 1042.50

resistance - 1058.50, 1071.50

March Corn marked its high price 2 ticks below the 425.00 resistance number, then sold down about a nickel into the close of the trading session.

support - 419.00-417.25, 411.00

resistance - 423.50-425.00, 430.00

March SRW Wheat marked the high price 1.75 cents above the 515.50 resistance level, then sold off about 17.75 cents to 1.75 cents above support into the session close.

support - 507.00, 502.00

resistance - 513.50, 518.25

March HRW Wheat marked its high price 2 ticks below the 528.50 resistance number, then sold off about 18.50 cents to 2 ticks above the 516.00 bracket support.

support - 515.00, 508.00

resistance - 522.25, 529.00

March Spring Wheat marked its high price 3 ticks below the 571.00 resistance point, then sold off about 8.25 cents to 1.00 cent above the 561.00 lower support level.

support - 561.00, 542.50 - new lows

resistance - 568.50-570.00, 575.25

Land:

Approximately 80% of the world’s habitable land is not suitable for producing any crop other than grass and very hardy (brushy) plants. Much of this land is used for livestock grazing which provides 20% of global calories and 40% of the global protein.

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