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Tech Guy Opening Calls & Comments 3/11/24

May Wheat - 0.50 Higher


May Corn - 0.75 Lower


May Soymeal - 1.10 Higher


May Beans - 1.50 Lower


April Crude Oil marked it's low 21 cents below lower support of 77.00, then bounced up $1.50.

support - 77.25

76.35

resistance - 78.75

80.00


May Soybeans marked the high 3.25 cents below resistance, then sold off to support at 1175.00.

support - 1175.00

1168.00

resistance - 1192.50 - breakout

1205.00

1224.00


May Soymeal marked it's low 1.10 points below 337.50 support, after selling off 6 bucks.

support - 336.50

336.00

resistance - 344.00

352.00


May Corn marked it's low in between the 2 support levels, then rallied 8 cents.

support - 437.50

443.00

resistance - 448.00

459.00


May SRW Wheat took out support by 6.50 cents, then rallied 25 cents.

support - 542.50

538.50

resistance - 551.00 - breakout

568.00


May HRW Wheat marked it's low 1.75 cents below lower support, then rallied 28 cents, past resistance.

support - 594.00-593.00 - resistance became support

580.50

resistance - 611.00

626.50


May Spring Wheat marked it's low 1 cent below the 654.00 support level, then rallied 20 cents, almost touching 675.00 resistance.

support - 665.50

658.50

resistance - 675.00 - breakout

692.00-700.00


KC and Spring wheat have both put in solid bottoms, and Chicago is trying to do so.


As the March S&P rolled to the June S&P, 5162 resistance became support, and the high was 2 points above the 5194 resistance.

support - 5173

5155

resistance - 5255

5300



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