Tech Guy Opening Calls & Comments 6/10/25

July Wheat - Steady to 1.00 Higher

July Corn - Steady

July Soymeal - 0.10 Lower

July Beans - 0.75 Higher to 0.75 Lower

July Crude Oil marked it's high 17 cents below the 66.45 resistance level, then sold off about 1.75 from high to low.

support - 64.50, 64.00

resistance - 66.25, 67.15

July Soybeans marked the high 3 ticks above the 1063.00 resistance price, then sold off about 7.00 cents from high to low.

support - 1054.50-1053.00, 1047.00

resistance - 1065.00, 1068.00, 1073.50

July Corn marked it's low 1.75 cents above the 427.50 support number, then rallied almost a dime from low to high.

support - 433.50, 429.00

resistance - 443.00, 446.00, 451.00

July SRW Wheat marked it's low 4.25 cents below the 535.00 support point, after selling down about a dime from high to low. Because 540.00 could not provide support, it became resistance.

support - 532.00, 526.50

resistance - 542.00, 545.50

July HRW Wheat pushed a nickel below support and almost tested old support in the 522.50 area.

support - 525.00, 522.50-520.00

resistance - 538.50-540.00, 551.00

July Spring Wheat closed 3 ticks below the 614.00 support while losing 9.25 cents on the day.

support - 611.50-610.00, 602.50

resistance - 624.00, 637.00

World crop area:

Approximately 80% of the world’s habitable land is not suitable for producing any crop other than grass and very hardy (brushy) plants. Much of this land is used for livestock grazing which provides 20% of global calories and 40% of the global protein.

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