top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tech Guy Opening Calls & Comments 5/18/22

July Wheat - 7 to 10 Lower

July Corn - Steady to 1 Higher

Dec Corn- Steady

July Soybeans - 1 to 2 Higher

The 1200 cent gap in July Wheat is strong support. Be careful trying to pick a top if the 1284 price is breached to the upside.

1653 is good support in July Soybeans. You saw my corn opinion earlier.

Moving to JULY Crude Oil: made a nice saucer bottom on the intraday chart between 106-107 today. I expect a re-test of 113 on the upside. Was about 1.5 dollars off on the June contract low - from comments yesterday.

All assets (stocks & commodities) were in liquidation mode today. There is some buying going on in the S&P futures during early after market trading - let's see how it goes tonight.


bottom of page