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Tech Guy Opening Calls & Comments 5/15/24

July Wheat - 1.25 Higher


July Corn - 0.50 Higher


July Soymeal - 0.90 Higher


July Beans - 0.25 Higher


June Crude Oil tested old support at about 76.90, then rallied to within a few ticks of the 78.90 resistance at the time of this writing.

support - 78.05

77.30

resistance - 79.60

80.00


July Soybeans marked the low 2 ticks below the 1210.00 support level, after selling off about 22 cents from the high.

support - 1212.50

1202.50

resistance - 1235.00

1251.00


July Soymeal marked it's low 6 ticks below the 371.40 support price, after selling off 10 bucks from the high.

support - 371.00

366.50

resistance - 377.00

382.00


July Corn violated support by 4.00 cents after selling off 12 cents from the high of the day. The high print was 2.25 cents below the first resistance level.

support - 462.00

458.25

resistance - 466.50

474.50


July SRW Wheat marked the high 1.00 cent above the 696.00 resistance level, then sold off 30+ cents to print a low 4.50 cents below support.

support - 665.00

660.00

resistance - 680.00

699.00


July HRW Wheat marked the high 3.25 cents below the 710 resistance level, then sold off 30 cents to 4 cents below support.

support - 674.00

669.00

resistance - 687.50

712.00


July Spring Wheat marked it's high 3 cents above the 745 resistance price, then sold off 20+ cents, to print a low in between the 2 given support prices.

support - 722.00

717.50

resistance - 734.00 - small

749.00


June S&P marked it's low 2 points above the 5264 support price, then rallied 68 points to just above the 5334 upside target.

support - 5302

5264

resistance - 5340

5400



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