Tech Guy Opening Calls & Comments 6/11/25

July Wheat - 0.25 Lower

July Corn - Steady

July Soymeal - 0.10 Higher

July Beans - 0.25 to 1.00 Lower

July Crude Oil finished up 2.91 at 67.89 at the time of this writing. The high and close were both above the highest resistance level, therefore, old resistance becomes support.

support - 67.15, 66.25

resistance - 70.15, 70.75

July Soybeans marked the high 2.25 cents above the 1047.00 support number, after selling off about 13.00 cents from high to low.

support - 1048.00-1047.00, 1046.00

resistance - 1058.00, 1063.00

July Corn marked it's high 1.75 cents above the 443.00 resistance price, then sold off about 8.50 cents from high to low.

support - 436.00, 433.50

resistance - 442.50, 445.00

July SRW Wheat marked it's low print directly at the 532.00 support number, after selling off about 7.25 cents from the high, which was a couple cents below resistance, to the low print.

support - 532.00, 527.00

resistance - 539.50, 541.50. 545.50

July HRW Wheat marked it's low price 1.50 cents below the 545.00 support level, after selling down almost 11.00 cents from the high to the low.

support - 525.00, 522.50, 515.50

resistance - 534.50, 538.00-540.50

July Spring Wheat marked it's low 1.50 cents above the 611.50 upper support price, then rallied 7.25 cents from low to high, falling about 3.50 cents shy of the 724.00 resistance level. Today was an inside day - high/low print within yesterday's extremes. This hints at energy building.

support - 616.00-614.00, 608.00

resistance - 624.00-625.50, 635.50

Crop waste:

Globally, about 1.3 billion metric tons of food, about a third of all produced, is wasted every year. In the U.S. alone, 30 million tons are lost due to wildlife destroying crops, harvest loss, storage spoilage, rodents, and consumer waste.

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