Tech Guy Opening Calls & Comments 4/22/25

May Wheat - 0.75 Lower

May Corn - 0.50 Lower

May Soymeal - 0.60 Higher

May Beans - Steady to 1.00 Higher

June Crude Oil marked it's high 11 cents above the 64.25 resistance level, after rallying about 1.50 from low to high.

support - 63.40-63.30 - failure could mean a deeper pullback, 62.90, 61.70

resistance - 64.40-64.45, 65.00, 66.50

May Soybeans marked the low 2.00 cents above the 1028.00 support price, then rallied about a dime low to high - price action is bullish

support - 1030.00-1028.00, 1024.00-1021.50

resistance - 1040.00, 1050.00

May Corn marked it's low 3.00 cents below the 478.00 support level, after selling off about 12.00 cents high to low - price action bearish

support - 473.00, 465.50

resistance - 480.00, 483.00, 487.50

May SRW Wheat marked it's low 3.00 cents below the 534.50 support level, after selling off about 8.50 cents from the high to low, then rallying about 9.00 cents back near the high.

support - 531.50, 527.50

resistance - 541.50, 550.00

May HRW Wheat closed 2.00 cents below the 548.00 support level, after selling down 4.75 cents for the day. Hard wheat is nearing the low of a 30.00 cent trading range down about 3.00 cents from the close. There will be more sell stops with every cent down from here, and a likely capitulation if we have more selling. A standard rule for traders is buying the lows of a range and selling the highs.

support - 541.50, 535.00

resistance - 555.00, 562.50

May Spring Wheat marked it's low 1.25 cents below the 596.00 support price, after selling off 8.50 cents from high to low.

support - 595.00, 588.50

resistance - 603.50, 609.00

Cattle:

Cattle are the world’s third largest agricultural product. With one billion head, cattle farming, supporting both beef and dairy industries, is a cornerstone of global agriculture. Only ruminants can produce high quality protein on land unable to grow any edible other crops. The United States, Brazil, and India are leaders in cattle populations.

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