Tech Guy Opening Calls & Comments 6/24/25

Sep Wheat - 0.25 Lower

Dec Corn - 0.25 Higher

Aug Bean Oil - 0.08 Higher

Nov Beans - Steady

August Crude Oil marked it's low 60 cents beneath the 64.60 support level, after consolidating with some lighter selling during the day.

support - 62.90, 60.00

resistance - 68.00, 69.40

November Soybeans marked the low 1.50 cents below the lower 1038.00 support price, after selling off about 13.50 cents from the high to the low.

support - 1032.50, 1027.50

resistance - 1050.00, 1060.00 - both old swing highs

December Corn marked it's low 2 ticks above the 428.00 support number, after selling off about 6.00 cents from high to low.

support - 428.00, 424.50, 416.50

resistance - 435.00, 439.00

September SRW Wheat marked it's low 2.00 cents below the 553.50 support point, after selling down about 18.00 cents from last night's opening/high to the low print, which was very close to the close.

support - 549.50, 538.00

resistance - 562.00, 567.00

September HRW Wheat marked it's low 1.75 cents below the 551.00 support level, after the shorts took it down about 15.50 cents from the open/high to the low print, which was also very close to the close.

support - 548.00, 536.50

resistance - 558.00, 568.00

September Spring Wheat sold off to almost directly in between the 2 stated support levels, as one half or 0.5 is one of the financial Fibonacci numbers. Then, it closed 6.50 cents above the low, showing us that the buyers at least showed up in the spring wheat, unlike the other 2.

support - 634.00-631.00, 626.00

resistance - 652.00, 659.50

Historical tidbit:

There are no descendants of George Washington because, when he had mumps as a youngster, he refused to stay in his bed and be physically inactive as the doctor ordered. The mumps “went down on him” and made him sterile. Maybe that was a good thing. Can you imagine everyone knowing you are the great, great, great, great grandchild of George Washington?

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