Tech Guy Opening Calls & Comments 5/22/25

July Wheat - Steady to 0.50 Higher

July Corn - Steady to 1.00 Lower

July Soymeal - Steady

July Beans - Steady to 0.50 Lower

July Crude Oil marked it's low 5 ticks above the 60.20 support threshold, after selling off about 1.50 from high to low. Crude is continuing to attempt a downside breakout.

support - 60.20 - breakdown, 58.70

resistance - 61.80, 63.10

July Soybeans marked the low 3.00 cents above the lower 1048.00 support level, then rallied about 20 cents from low to high.

support - 1064.00, 1055.00

resistance - 1074.00-1076.00, 1082.00

July Corn marked it's low 2.25 cents below the 1058.75 support price, then rallied about 8.50 cents from low to high.

support - 460.00, 456.00

resistance - 467.50, 478.00

July SRW Wheat marked it's low 3.75 cents below the 545.00 support node, then rallied about 11.00 cents from low to high.

support - 539.00, 530.00

resistance - 552.00, 557.00 - break higher level

July HRW Wheat marked it's low 1.50 cents below the 534.00 support level, then rallied about 12.50 cents from low to high.

support - 535.00, 530.00

resistance - 548.50, 563.00

July Spring Wheat marked it's low 1 tick above the 597.50 support price, after selling off about 11.00 cents from high to low.

support - 597.50, 592.50

resistance - 611.00, 617.00

Soviet Hist. Cont.

The Soviet Union had a major crop wheat failure in 1972 and no one in the U.S. knew it. The lack of wheat in Russia, excess wheat in the U.S., and no one in the U.S. knowing Russia had a terrible wheat crop led to The Great Grain Robbery.

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