Tech Guy Opening Calls & Comments 7/15/25

Sep Wheat - 0.50 Higher to 0.50 Lower

Dec Corn - Steady to 0.75 Lower

Dec Bean Oil - 0.02 Lower

Nov Beans - 0.50 Higher to 0.75 Lower

August Crude Oil Traded in a small consolidated range while marking the low 18 cents below the 66.40 support level and closing a little lower on the day. The fact that crude could not muster a corrective rally, indicates likely continued lower prices.

support - 65.40, 64.60

resistance - 67.20, 67.50

November Soybeans marked the low at the midpoint of the stated support prices, while losing a few cents on the day.

support - 997.00, 987.00

resistance - 1017.00, 1024.50

December Corn marked it's low 2 ticks below the 413.50 support number, then rallied about 11.00 cents low to high, and confirming the low from yesterday.

support - 416.00, 413.00

resistance - 424.00, 430.00

September SRW Wheat marked it's low 1.00 cent above the 534.50 support point, after selling off about 9.50 cents from the high to the low.

support - 534.50, 531.00

resistance - 545.00, 554.00

September HRW Wheat marked it's low 2 ticks above the 518.00 support level, after selling off about 11.50 cents from the high to the low.

support - 518.00-516.00, 506.50

resistance - 532.00, 538.00

September Spring Wheat lost a couple of cents on the day, while trading in a small 7.50 cent range and remaining in between support and resistance.

support - 596.00, 586.50

resistance - 618.00, 633.50

US History:

The St. Lawrence Seaway System was built in the 1950’s because of President Eisenhower’s efforts to expand North America’s market access to the world. It is a 2312 mile (3,700 km) “marine highway” that extends from the Atlantic Ocean to the Great Lakes. Grain movements from the Great Lakes through the St. Lawrence Seaway System increased 12.5% in 2024 to 11.8 million mts from 2023.

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