Tech Guy Opening Calls & Comments 6/9/25

July Wheat - Steady

July Corn - 0.25 Lower

July Soymeal - 0.30 Lower

July Beans - Steady to 0.25 Higher

July Crude Oil marked it's low 20 cents above the 64.00 support level, then rallied and closed about 35 cents above the 65.00 resistance price. Old resistance becomes support with this upside breakout. We need 1 more follow through buy day to confirm that it's not a fake out.

support - 65.00, 64.20

resistance - 66.45, 67.25

July Soybeans marked the high price 1.25 cents below the 1063.00 resistance number, after rallying about 8.50 cents from low to high.

support - 1053.00, 1047.00

resistance - 1063.00, 1068.50

July Corn marked it's low 2.25 cents below the 435.00 support level, after selling off about 13.00 cents from 1 tick below the 446.00 resistance price.

support - 432.00, 427.50

resistance - 446.00, 451.50

July SRW Wheat marked it's high 1 tick below the 558.00 resistance number, then sold off almost 18.00 cents from the high to 2.00 cents below the 442.00 support point (low print).

support - 540.00, 535.00

resistance - 555.50, 558.00, 575.00

July HRW Wheat marked it's low 1.25 cents below the 535.50 support level, after selling off about 16.50 cents from the high to the low.

support - 534.00, 530.00

resistance - 551.00, 562.00

July Spring Wheat marked it's low 1.00 cent below the 622.00 support price, after selling off 14.00 cents from high to low.

support - 620.00, 614.00

resistance - 635.50, 640.00

Interesting:

Agriculture employs over 1 billion people worldwide, accounting for about 28% of the global workforce, making it the single largest employer.

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