Tech Guy Opening Calls & Comments 4/21/25

May Wheat - Steady

May Corn - Steady to 0.50 Lower

May Soymeal - Steady

May Beans - 0.50 Lower

June Crude Oil is still in an uptrend, but the liquidity roll from May to June flattened it out some. Crude closed 40 cents above the 62.40 node/support.

support - 62.40, 60.50

resistance - 64.25, 66.50

May Soybeans marked it's low 1 cent above the 1028.00 support level, after selling off about 14.50 cents from last night's high/open to the low.

support - 1028.00, 1024.50

resistance - 1044.00-1046.00

May Corn marked it's low 1 tick below the 481.50 support price, after selling down about 6.00 cents from high to low.

support - 481.50, 478.00

resistance - 487.50, 491.00, 495.00

May SRW Wheat marked it's low 3.50 cents below the 542.50 support point, after selling off about 18.50 cents from the high to the low.

support - 537.00, 534.50

resistance - 556.00, 573.00

May HRW Wheat marked it's low 1 tick below the 550.00 support level, after selling down about 12.00 cents high to low.

support - 550.00, 548.00

resistance - 563.00, 570.00

May Spring Wheat marked it's low directly at the 596.50 stated support price, after selling off 12.25 cents from the high to the low print.

support - 598.00, 596.00

resistance - 610.00, 613.50

Corn

At 1.2 billion tons, maize (corn) is the world’s second largest agricultural product and one of the most versatile crops, used for food, feed, and industrial applications. The U.S. dominates maize production, contributing nearly 40% of the global total, followed by China and Brazil.

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