Tech Guy Opening Calls & Comments 6/16/25

July Wheat - 0.25 Higher

July Corn - Steady

July Soymeal - 0.10 Higher

July Soybean Oil - 0.35 Higher

July Beans - Steady to 0.75 Lower

July Crude Oil marked it's high/open 1 tick below the 77.50 resistance level, then sold off more than 8 bucks to about a dollar below support levels - very volatile.

support - 69.30, 66.50

resistance - 74.00, 77.50

July Soybeans marked it's high 2.75 cents below the 1082.00 resistance price, then sold off about 15.00 cents to 1.25 cents above the lower 1063.00 support number.

support - 1064.00, 1057.00

resistance - 1079.00-1082.00, 1089.00

July Corn smashed through support levels, and lost a total of 10.25 cents to 434.25 for the day.

support - 432.00-429.00, 428.00, 416.50

resistance - 441.00, 446.50

July SRW Wheat marked it's low 3.25 cents below the 535.00 support, after selling off about 13.50 cents, from 1.75 cents above the 545.00 resistance point.

support - 534.00-532.00, 529.00

resistance - 564.50, 558.00

July HRW Wheat marked it's high 1.75 cents below the 546.00 resistance price, then sold off about 15.00 cents from high to low.

support - 532.50, 529.00

resistance - 544.50, 551.00

July Spring Wheat marked it's high 1.50 cents below the 636.50 resistance price, then sold down 13.50 cents from the high to the low.

support - 621.00, 615.00

resistance - 635.00, 640.00

Soybean Oil closed the expanded limit up today, after gapping up last night creating a break-away gap. There is little doubt that this is the start of a strong rally that will also bring beans along for the ride. I think 65-66 is in the cards for a target.

The Amazon River is the world's second-longest river and has more water volume, by far, than any other river in the world. Although it is 4,300 miles long (6,920 kilometers), there is not a single bridge across the mighty Amazon. Why? During the rainy season, the Amazon width will expand from a relatively narrow quarter a mile or less to 2 to 5 miles wide. The jungle soil is much deeper than anyone knows and is not fit to support bridge construction. Fortunately, not very many people live in the Amazon jungle and there is no financial benefit to building the most expensive bridge the world has ever seen.

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