Tech Guy Opening Calls & Comments 5/14/25

July Wheat - Steady

July Corn - Steady to 1.00 Lower

July Soymeal - 0.20 Higher

July Beans - 0.75 to 1.75 Lower

June Crude Oil marked it's high 5 cents below the 63.95 resistance level, after rallying about 2.30.

support - 62.55, 61.65

resistance - 64.00, 64.90

July Soybeans had a net gain of 3.50 on the day, trading in a very narrow range within support and resistance.

support - 1071.50-1069.50, 1064.00

resistance - 1087.00, 1132.00

July Corn marked it's high 1.75 cents beyond the 446.00 resistance price, after rallying about 9.00 cents from low to high.

support - 442.00, 438.50

resistance - 448.00, 459.00

July SRW Wheat marked it's low 1.25 cents below the 512.00 support level, then rallied about 14.50 cents from low to high.

support - 520.00, 518.00, 511.00

resistance - 529.00, 535.00

July HRW Wheat marked it's low 2 ticks below the 507.00 support bracket, then rallied about 18.00 cents from low to high.

support - 516.00, 514.00, 506.00

resistance - 525.00, 531.50

July Spring Wheat marked it's low 4.00 cents below the 576.50 bracket support, after selling off 11.50 cents from the high to the low.

support - 574.00, 570.00

resistance - 585.00, 595.00

Brazil production:

Brazil’s soybean production has doubled in the last 20 years, but its corn production has tripled. Twenty-five years ago, Brazil was a net importer of corn. During the 2023-24 marketing year, for the first time ever, the U.S. was not the world’s leading corn exporter; Brazil was. What made Brazil the world’s number 2 corn producer? Asian Leaf Rust.

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