Tech Guy Opening Calls & Comments 6/12/25

July Wheat - 0.25 Higher to 0.25 Lower

July Corn - Steady

July Soymeal - Steady to 0.20 Higher

July Beans - 0.50 Higher to 0.25 Lower

July Crude Oil marked it's low directly in between the 2 stated support levels, as it sometimes does. After the low print, crude rallied more than 2 bucks from low to high.

support - 67.75, 66.70

resistance - 69.30, 70.25

July Soybeans marked it's high less than 2 cents below the 1058.00 resistance price, then sold off about 17.75 cents down to old support prices, from high to low.

support - 1040.00, 1037.50

resistance - 1049.00, 1057.00

July Corn marked it's low 3 ticks beneath the 436.00 support number, then rallied about 7.00 cents low to high - small range.

support - 437.50, 435.00

resistance - 442.00, 445.00 - upside breakout

July SRW Wheat marked it's low 1 penny below the 527.00 support point, after selling off about 11.00 cents from high to low.

support - 525.50-523.5, 521.00 - lots of support

resistance - 538.00-539.50

July HRW Wheat marked it's low 1.00 cent below the 522.50 support level, after selling off about 7.50 cents.

support - 521.50-520.00, 517.50

resistance - 528.25-529.50, 535.00, 538.00

July Spring Wheat marked it's high 1.00 cent above the 626.50 resistance price, after rallying 11.25 cents from low to high.

support - 620.00, 612.50

resistance - 627.00, 636.00

Fun Facts:

Of all the nitrogen used by plants worldwide, 1% is gleaned from the atmosphere by rain. The drought in 1980 was caused by the eruption of Mt. St. Helens in Southwest Washington on 18 May 1980.

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