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Tech Guy Opening Calls & Comments 5/13/24

July Wheat - 0.75 Lower


July Corn - 0.50 Higher


July Soymeal - 0.30 Higher


July Beans - 0.25 Lower


June Crude Oil marked the low about 54 cents above support. Oil rallied about 1.70 from the low of 77.79, printed last evening.

support - 78.20

77.65

resistance - 80.00

81.60


July Soybeans marked it's low 1.50 cents below the 1214.00 support level, then rallied about 13.50 cents from the low.

support - 1216.00 - trendline

1212.00, 1202.50

resistance - 1237.00

1251.00, 1257.00


July Soymeal marked the low 1.30 dollars above the 365.00 support price, after selling off about 5 bucks.

support - 365.50

362.00

resistance - 373.00

377.50


July Corn rallied 3.50 cents above the resistance/breakout level of 472.00, for a high of 475.50. Corn then closed within a tick or 2 of that breakout spot.

support - 470.00

465.25

resistance - 475.50 - today's high

481.00


July SRW Wheat rallied 11 cents past the first resistance price of 683.00, then closed about 3.75 cents above that level at 683.00.

support - 683.00-680.00

663.50

resistance - 694.25 - today's high

720.00, 740.00


July HRW Wheat rallied up to between the 2 resistance levels and marked the high at 710.00

support - 692.50

682.00

resistance - 710.00 - today's high

722.00, 748.00


July Spring Wheat rallied up to 4.50 cents above the 739.50 target, and closed just below it.

support - 730.00

722.00

resistance - 744.00 - today's high

750.00, 767.00


June S&P traded in about the same range as Friday's market, while making the low price about 6 points above the 5227 support level.

support - 5732-5227

5193

resistance - 5264

5288





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