Tech Guy Opening Calls & Comments 7/16/25

Sep Wheat - Steady to 1.25 Higher

Dec Corn - .50 Higher to 1.00 Lower

Dec Bean Oil - 0.08 Higher

Nov Beans - 1.00 Lower

August Crude Oil marked it's low 2 ticks above the 65.40 support level, after selling off almost 1.60 from the overnight high to the low.

support - 65.40, 64.50

resistance - 67.12, 68.20

November Soybeans marked it's high in between the 2 stated resistance prices, after rallying about 19.00 cents from low to high, which was ticks from resistance. The recent triple bottom should be a good foundation for further buying.

support - 1014.50, 1008.50

resistance - 1030.00, 1040.00 - bottom of gap

December Corn marked it's high 1.75 cents above the 424.00 resistance number, after rallying about 8.00 cents from the low to the high.

support - 420.50, 418.50

resistance - 427.50-430.00, 434.50 - gap closure

September SRW Wheat marked it's low 1.00 cent below the 534.50 support point, then rallied about a dime from the low to the high.

support - 538.50, 535.00

resistance - 545.50, 552.00

September HRW Wheat marked it's low 1 tick beneath the 518.00 support level, after selling off about 9.50 cents from the high to the low.

support - 520.50, 517.50

resistance - 527.00, 530.00, 534.00

September Spring Wheat marked it's low 2.25 cents above the 596.00 support price, after selling off about 7.50 cents from the high to the low. Spring wheat has marked a triple low on the intraday charts over the last couple of days. There is a moderate chance some buying could enter tonight and/or tomorrow.

support - 596.00, 586.50

resistance - 618.00, 633.50

US - Canada biz:

The U.S. and Canadian grain shipped through the St. Lawrence Seaway includes wheat, corn, soybeans, barley, oats, and flaxseed. Agricultural products made up 32% of the total 2024 Seaway cargo, which reached 37 million mts. The number of cargo vessels using the Seaway increased by 17 vessels in 2024 to 3,952 in 2024.

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