Tech Guy Opening Calls & Comments 3/31/25

May Wheat - 0.50 to 1.00 Higher

May Corn - Steady

May Soymeal - 0.30 Higher

May Beans - 0.25 Lower

May Crude Oil marked it's high well above the highest target of 71.25, while gaining about 2 bucks on the session.

support - 70.85, 70.20

resistance - 71.90-72.25, 73.20

May Soybeans marked the high 1.00 cent above the 1037.00 upper target, then it corrected down to within 2 ticks of the 1017.50 support level.

support - 1017.50-1015.00, 1006.50

resistance - 1026.00, 1038.00

May Corn marked it's high 1.75 cents shy of the 461.00 target, after the anticipated follow through buying.

support - 456.00-454.50, 453.00

resistance - 461.00, 470.00

May SRW Wheat marked it's high 2.25 cents above the 537.00 target, after rallying about 16.00 cents from just above support.

support - 535.00, 532.00

resistance - 542.00-545.00, 550.00

May HRW Wheat experienced some follow through buying, as expected and finished up 4.75 cents to 556.50 for the day.

support - 556.25, 552.50

resistance - 563.50, 570.00

May Spring Wheat rallied 11.00 cents on the day to 592.00.

support - 592.00-590.00, 586.50

resistance - 600.00, 610.00

The U.S. and Canadian grain shipped through the St. Lawrence Seaway includes wheat, corn, soybeans, barley, oats, and flaxseed. Agricultural products made up 32% of the total 2024 Seaway cargo, which reached 37 million mts. The number of cargo vessels using the Seaway increased by 17 vessels in 2024 to 3,952 in 2024.

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