Tech Guy Opening Calls & Comments 6/4/25

Jul Wheat - Steady

July Corn - 0.75 Lower

July Soymeal - Steady to 0.40 Higher

July Beans - Steady to 0.50 Lower

July Crude Oil marked it's low 3 ticks below the 62.20 support level, after selling off about 1.75 from the first resistance range (63.96 high).

support - 62.15, 61.00

resistance - 64.00, 65.00

July Soybeans marked the high directly at the 1053.00 resistance number, after rallying about 15.50 cents from 2.25 cents above support.

support - 1041.50, 1037.50

resistance - 1053.00-1055.50, 1063.00

July Corn marked it's low 1.25 cents above the 436.25 support price, after selling off 8.50 cents from the high print to the low.

support - 437.00, 434.00

resistance - 444.00-446.00, 451.50

July SRW Wheat marked it's low 1.50 cents above the 532.00 support level, then rallied about 14.00 cents from low to 1.50 cents above the 546.00 resistance price.

support - 541.00, 534.50

resistance - 547.50-549.50, 557.00

July HRW Wheat marked it's high 1 tick from the 545.00 resistance number, after rallying about 12.00 cents from above support to the high print.

support - 536.50, 532.00

resistance - 550.00, 563.00

July Spring Wheat marked it's high 1.00 cents above the 626.50 resistance level, after rallying 12.75 cents from low to high.

support - 615.00, 611.00

resistance - 627.50, 634.50

Ukraine:

Ukraine’s soil is very fertile and very deep, often more than 12 feet. During WW II, freight trains transporting war supplies to the German armies deep into the Soviet Union, were ordered by Hitler to load the empty cars with topsoil from Ukraine on the return trip to Germany.

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