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Tech Guy Opening Calls & Comments 2/17/25

Writer: Tech GuyTech Guy

March Wheat - 1.50 Higher to 0.50 Lower


March Corn - 1.50 Higher to 1.00 Lower


March Soymeal - Steady to 0.50 Lower


March Beans - 2.00 Higher to 0.75 Lower


March Crude Oil marked it's low 12 cents below the 70.20 support level, then rallied about 1.50, which was just shy of the 71.70 resistance price.

support - 70.70, 70.50, 70.00

resistance - 71.65, 72.00-72.25


March Soybeans marked the low at the 2nd stated support of 1024.00, then rallied almost 23 cents low to high to about 4 cents above the 1st stated resistance.

support - 1032.00-1030.50, 1024.00

resistance - 1047.00, 1057.50


March Soymeal rallied about 8.50 bucks low to high, then closed about mid range.

support - 294.50, 291.00

resistance - 301.00, 303.00


March Corn marked it's high 3 ticks above the stated 499.00 upper range resistance level, after rallying about 7 cents low to high.

support - 494.00, 491.00

resistance - 500.00, 511.00, 525.00-531.00


March SRW Wheat rallied about 24.25 cents for the day and closed above all stated resistance levels, while marking a powerful breakout higher on the daily chart.

support - 595.50, 592.25

resistance - 619.00, 633.00


March HRW Wheat rallied about 26 cents from low to high, and marked the highest close since June 14th, last summer.

support - 615.50-614.50

resistance - 640.00, 660.00


March Spring Wheat rallied 16.75 cents on the day and marked the highest close since last October 24th.

support - 630.00-628.50, 625.00

resistance - 640.00, 644.00, 656.00


March S&P rallied to within a few bucks of the 6150 resistance point.

support - 6125-6120, 6100

resistance - 6163 - previous high

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