Tech Guy Opening Calls & Comments 5/27/25

July Wheat - 0.25 Higher

July Corn - Steady to 0.50 Higher

July Soymeal - 0.30 Lower

July Beans - Steady to 1.00 Lower

July Crude Oil is maintaining the rangebound trade, with the lower boundary around 60.00, and the upper at about 62.15.

support - 60.25-60.00, 58.75

resistance - 61.90-62.15, 63.15

July Soybeans traded in a narrow range today, ending up 1.50 cents for the day.

support - 1058.50-1055.00, 1050.50

resistance - 1068.00, 1073.50

July Corn finished down 1.25 on an inside trading day - this means inside the previous day's high and low.

support - 456.00, 453.50, 449.50

resistance - 463.00-465.00, 471.00

July SRW Wheat lost 14.00 cents for the day, selling down close to old support at 526.00.

support - 525.00, 523.50, 521.00

resistance - 544.00, 552.00

July HRW Wheat finished down 14.50 on the day.

support - 520.00, 515.00

resistance - 539.00, 548.00

July Spring Wheat finished down 10.25 on the day, in an outside lower daily bar.

support - 595.00-592.50, 588.50

resistance - 603.00, 611.00

China Soybeans:

China has two classes of soybeans. Number 1 soybeans are soybeans produced in China. Number 2 soybeans are imported soybeans. That is the only difference. When the government offers government owned grain and beans for public auction, the commodities offered for bids are always imported commodities. Auctions are scheduled when domestic prices get high enough that the natives become restless. Auctioned supplies are always replaced with more imports.

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