Tech Guy Opening Calls & Comments 3/25/25

May Wheat - 0.50 Higher

May Corn - 0.75 Higher

May Soymeal - 0.90 Higher

May Beans - Steady to 1.25 Higher

May Crude Oil marked it's low 17 cents above the 68.35 support level, after selling off about 1.20 from the high.

support - 68.50, 67.90

resistance - 69.75, 70.50, 71.30

May Soybeans fell through support and hit an uptrend line of a triangle on the low.

support - 1000.00, 998.00, 993.50

resistance - 1008.00, 1011.00

May Corn marked it's low 2.00 cents below the 459.00 support level, after selling off about 8.00 cents from the early morning highs.

support - 456.60, 452.50

resistance - 465.00-466.00, 470.00

May SRW Wheat marked it's low 1.00 cent above the 540.00 support price, after selling down about 8.00 cents high to low.

support - 542.00, 530.00

resistance - 551.00, 563.00

May HRW Wheat marked it's low 2.00 cents above the 565.00 support level, after selling off about a dime from high to low.

support - 568.00, 565.00, 556.00

resistance - 576.50, 582.00

May Spring Wheat marked it's low at the stated support price of 587.00, after selling off 8.25 cents high to low.

support - 587.00-585.50, 576.50

resistance - 600.00, 610.00

The Soviet Union asked in June 1972 to buy a large amount of U.S. wheat on a three-year deal. An agreement was made for the U.S. to sell the Soviet Union 10 million mts (364 million bushels) of wheat over the next three years. However, the entire tonnage was purchased by the Soviets in July and August 1972 from the ABCD companies. Since the U.S. government was not tracking the export sales and shipments of U.S. food and fiber exports, very suddenly, there was not enough wheat to meet the domestic demand. The price of wheat jumped 30% for American consumers.

For more pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/