Tech Guy Opening Calls & Comments 6/23/25

Sep Wheat - 0.50 to 1.00 Higher

Dec Corn - 0.50 to 1.25 Higher

August Bean Oil - 0.18 to 0.30 Higher

Nov Beans - 0.75 Lower

Volatility increased in all financial instruments due to the escalating world affairs.

Aug Crude Oil sold off 6.45 to 67.37, at the time of this writing, down to an old support level in the 66.70 vicinity. Now, the support/resistance prices open way up with the volatility.

support - 66.60, 64.60

resistance - 69.45, 74.35

August Soybeans marked the low about 6.00 cents below support.

November support - 1043.50, 1038.00

November resistance - 1060.00, 1067.00, 1081.00

September and December Corn shattered through the nearby support levels, with the December contract ending down 7.00 cents on the day at 434.25.

support - 433.00, 428.00

resistance - 438.50, 441.00, 444.50

September SRW Wheat marked it's low 6.25 cents below the 572.50 support number, as buyers panicked.

support - 566.00-563.25, 553.50

resistance - 585.50, 594.00

September HRW Wheat lost 13.00 cents for the day, closing at 565.75.

support - 562.00, 551.00

resistance - 575.50, 591.00

September Spring Wheat sold off 11.25 cents on the trade session, and closed 3 ticks beneath the 646.00 support mark.

support - 642.00, 630.50

resistance - 659.00, 665.50

We all have heard people say, so and so is as stubborn as a mule! Actually, mules make the decision to quit working. A horse will work himself to death for you. Many, many horses died in the races trying to please their master over the past thousands of years. But a mule, he will refuse to let anyone work him to death. When a mule gets to the point he is about to die from overwork, he will lay down and not get up until he is good and ready. A mule’s attitude is, you can beat me to death, but you are not going to work me to death.

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