Tech Guy Opening Calls & Comments 7/1/25

Sep Wheat - Steady to 1.25 Higher

Sep Corn - Steady

Dec Bean Oil - Steady to 0.20 Higher

Nov Beans - Steady to 0.50 Lower

Aug Crude Oil marked it's low 12 cents above the 64.55 support level, then rallied about 1.35 from the low to the high print.

support - 64.75, 64.00

resistance - 66.50, 67.25

November Soybeans marked the low 4.00 cents below the 1018.00 support price, then rallied about 15.00 cents from the low print to the high print.

support - 1014.00, 1010.00, 992.00

resistance - 1039.00, 1050.00

December Corn marked it's low 2.50 cents below the 419.00 support number, then rallied about 9.50 cents from low to high.

support - 416.00, 409.00

resistance - 425.00, 430.00

September SRW Wheat marked it's high 2.25 cents above the 548.00 resistance point, after rallying about 12.50 cents from low to high.

support - 544.50, 537.00

resistance - 553.00, 562.00

September HRW Wheat marked it's low 1.75 cents below the 524.50 support level, then rallied about 12.00 cents from the low to the 535.00 high print.

support - 529.00, 525.00

resistance - 537.00, 543.50

September Spring Wheat marked it's low 1.00 cent below the 612.00 support price, then rallied 22.00 cents to the 635.00 high print, which was 1.00 cent below the 636.00 lower bracket resistance number.

support - 620.00, 613.00

resistance - 638.50, 647.00

Brazil continued:

To control Asian Leaf Rust (ALR), Brazil’s government forbids soybeans to be planted during a 90 day period during the dry season and each state has added a further “no planting” soybeans as a second crop starting generally from late December to mid-January. This is to not provide soybean plants to serve as a host for the ALR spores in the latter half of the growing season and into the dry season. This "no plant zone" is the major ALR control measure. Corn became the preferred second crop which led to Brazil being the largest corn exporter in the world in the 2023-204 marketing year. That was the first year the U.S. was not the world's largest corn exporter.

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