Tech Guy Opening Calls & Comments 6/5/25

July Wheat - 0.25 to 0.75 Lower

July Corn - Steady to 1.25 Lower

July Soymeal - 0.20 Higher

July Beans - 0.75 to 1.50 Lower

July Crude Oil marked it's high 2 ticks beneath the 64.00 resistance level, after rallying about 1.50 from a ledge above support in the 62.50 area.

support - 62.50, 61.85

resistance - 64.00, 65.00

July Soybeans marked the low 1.50 cents below the 1041.50 support price, then rallied almost 17.00 cents to 2.00 cents above resistance.

support - 1046.00, 1040.00

resistance - 1057.00, 1062.50, 1068.50

July Corn marked it's low 3 ticks below the 434.00 support number, then rallied about 8.00 cents low to high.

support - 437.00, 433.00

resistance - 446.50, 452.00

July SRW Wheat marked it's low 2 ticks below the 541.00 support point, then rallied almost a dime from low to high.

support - 540.00, 535.00

resistance - 557.00, 568.00

July HRW Wheat traded in a 9.00 cent range, remaining in between support and resistance.

support - 536.50, 532.00

resistance - 547.00, 551.00, 562.00

July Spring Wheat marked it's high 3 ticks above the 627.50 resistance level, after rallying 9.75 cents from low to high.

support - 618.00, 610.00

resistance - 634.00, 640.00

Brazil crops:

Brazil’s main crop growing area has a rainy season from October to April and dry season May to September. During the rainy season, rain will fall 6 to 8 days out of every 10 days. Rain and showers 10 consecutive days is not uncommon. The combines have a roof over the hoppers and the moisture content of the soybeans are usually 16% and the beans are dried using wood for fuel to make the heat.

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