Tech Guy Opening Calls & Comments 6/2/25

July Wheat - 0.75 Lower

July Corn - Steady to 1.00 Higher

July Soymeal - 1.10 Higher

July Beans - Steady

July Crude Oil closed above the top channel resistance number, and finished 2.35 higher at 63.14 on the day. We will see if crude can trade above 64.25 level, which was the highest price of the channel.

support - 62.00, 60.90

resistance - 64.25, 65.00

July Soybeans marked the low 3.25 cents above the lower 1029.00 support level, after selling off about a dime from high to low.

support - 1032.50, 1029.00, 1024.50

resistance - 1043.00, 1051.00

July Corn marked it's low 3 ticks above the 437.00 support price, after selling off about 13.00 cents from high to low.

support - 438.00, 436.00, 435.00

resistance - 453.00, 465.00

July SRW Wheat marked it's high 2.50 cents below the 552.00 resistance number, after rallying almost 15.00 cents from low to high.

support - 531.00, 525.50

resistance - 550.00, 557.00

July HRW Wheat marked it's high 2.00 cents above the 548.50 resistance level, after rallying about 18.50 cents from low to high.

support - 536.00, 530.00

resistance - 551.00, 556.00

July Spring Wheat marked it's high 2.50 cents above the 631.50 resistance price, after rallying about a dime from low to high.

support - 617.50, 610.00

resistance - 634.00, 640.00

Shipping:

Of all agricultural U.S. exports, 52% by value are shipped in containers and 15% by weight of ag exports are exported in containers.

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