Tech Guy Opening Calls & Comments 5/7/25

July Wheat - 0.50 Lower

July Corn - Steady

July Soymeal - 0.10 Higher

July Beans - Steady to 0.50 Lower

June Crude Oil marked it's high 6 cents above the 60.20 upper bracket resistance level, then sold off almost 2.50 to in between the support prices.

support - 56.45, 55.30

resistance - 59.25, 60.30

July Soybeans marked the high 3.50 cents above the 1052.50 resistance level, then sold off about 17.50 cents to near the support bracket, from high to low.

support - 1036.00, 1030.00

resistance - 1051.00, 1057.00

July Corn marked it's low 2 ticks above the 448.00 support level, after selling off about 15.00 cents from below resistance.

support - 447.50, 442.00

resistance - 463.50, 467.50

July SRW Wheat marked it's low 3 ticks above the 532.25 support price, after selling off about 12.00 cents from the high to the low.

support - 532.00, 528.00

resistance - 545.00, 548.00

July HRW Wheat marked it's low 2 ticks below the 529.25 support level, after selling off about 16.00 cents from high to low.

support - 528.00, 525.00, 520.00

resistance - 545.00, 548.50

July Spring Wheat marked it's low 3 ticks below the 602.00 support price, after selling off about 14.00 cents from the high to the low.

support - 601.00, 596.00

resistance - 615.00, 623.00

Human history:

Over the thousands of years of human history, the most common causes of war have been religion and resources to produce food. That is why the CIA, after the USDA, spends more money than any other organization in the world to collect crop production data from around the world.

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