Tech Guy Opening Calls & Comments 6/19/25

July Wheat - 0.75 Lower

July Corn - 0.50 Lower

July Bean Oil - Steady

July Beans - 1.00-2.00 Lower

July Crude Oil expanded the support and resistance range during the after market, while having a positive gain.

support - 71.30, 69.50

resistance - 77.60, 80.80

July Soybeans marked it's low 2 ticks below the 1070.00 support level, then rallied almost a dime.

support - 1070.00, 1063.00

resistance - 1081.00, 1088.00

July Corn remained 1.00 cent above the 429.00 support price while trading in a small range, probably building energy.

support - 430.00, 416.50

resistance - 437.50, 447.00

July SRW Wheat broke out to the upside, closing well above the 558.00 breakout point and closing within 1.50 cents of the 575.50 node/resistance.

support - 564.50, 558.00

resistance - 575.50, 605.00

July HRW Wheat also exploded higher and closed at the second resistance number of 570.00. Resistance becomes support. We will see if the bulls have conquered the 570.00 level after the markets open.

support - 570.00??, 562.00, 551.50

resistance - 578.00, 597.00

July Spring Wheat closed 7.75 cents above the 640 resistance level. Strength across the wheat board and now, resistance becomes support.

support - 640.00, 636.00

resistance - 654.50, 672.50

Farm Tractors:

The State of Nebraska passed the Nebraska Test Act in 1919, which mandated all tractor models sold in Nebraska had to be tested to verify the claims of the manufacturer. The University of Nebraska formed the Nebraska Tractor Test Laboratory (NTTL) and began testing and evaluating all aspects of farm tractors in 1920 and continue to do so to this day. The first tractor tested was on 9 April 1920 and it was a Waterloo Boy Model N.

For more pertinent market news and fundamental grain information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/