Tech Guy Opening Calls & Comments 7/14/25

Sep Wheat - Steady

Dec Corn - 0.50 Higher to 1.00 Lower

Dec Bean Oil - 0.06 Higher

Nov Beans - Steady to 0.75 Higher

August Crude Oil faked an upside breakout above 69.00, then reversed and sold off about 2.75 from the high down to the low.

support - 66.80 - lower channel support near the low, 66.40, 65.40

resistance - 67.70, 68.35

November Soybeans marked the high 2 ticks above the 1014.00 resistance level, after rallying about 15.00 cents from about 3.00 cents below support to the high.

support - 1003.00, 997.00

resistance - 1013.50, 1023.00

December Corn marked it's low 1.50 cents below the 409.00 support price, then rallied about 11.00 cents from the low to the high, which was just beyond the first resistance number. The daily bar traded lower, then closed higher than the previous 4 day's close, and traded higher than the previous 3 days high. Key Reversal? Either way, this occurrence is considered quite favorable for the bulls.

support - 413.50, 410.50

resistance - 421.00, 427.50

September SRW Wheat marked it's low 1.50 cents below the 540.00 resistance point, after selling off about 13.00 cents from the high to the low.

support - 539.50, 534.50

resistance - 551.50, 558.00

September HRW Wheat marked it's low 1.00 penny below the 519.00 support level, after selling off almost 16.00 cents from high to low.

support - 518.00, 506.00

resistance - 534.50, 538.50

September Spring Wheat lost about a dime on the day while crashing through support prices, marking it's low at 602.00

support - 596.00, 586.50

resistance - 619.00, 634.00

China tidbit:

By far, China has more hogs than any country in the world with about 52 million head of sows producing about 735 million pigs a year. The USA has the second most sows with about 22 million head.

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