Tech Guy Opening Calls & Comments 7/17/25

Sep Wheat - Steady to 0.75 Higher

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.02 Lower to 0.02 Higher

Nov Beans - Steady

August Crude Oil marked it's high midway in between the 2 stated resistance levels, after rallying about 1.40 from the overnight low to the session high.

support - 66.15, 65.40, 65.35

resistance - 67.70, 68.20, 69.65

November Soybeans marked it's high 1 penny shy of the 1030.00 resistance level, after rallying about 13.00 cents from the low to the high.

support - 1024.00, 1018.50

resistance - 1031.00, 1040.00

December Corn marked it's low 1.00 cent below the 420.50 support price, after correcting down about 6.00 cents from a few ticks below resistance to the low.

support - 418.75, 413.00

resistance - 427.00-430.00, 435.00 - gap closure

September SRW Wheat marked it's low 3.00 cents below the 535.00 support number, after selling off from below resistance almost 13.00 cents, to the 532.00 low print.

support - 531.50, 522.00

resistance - 543.00-545.00, 552.00

September HRW Wheat marked it's low 2.50 cents below the 517.50 support point after selling down about 11.00 cents from the high to the low.

support - 516.50, 513.00

resistance - 525.00, 530.00

September Spring Wheat marked it's low 2.75 cents below the 596.00 support number on what turned out to be a small down day on the daily chart.

support - 589.00, 586.00

resistance - 610.00, 618.00

Exports:

Of all agricultural U.S. exports, 52% by value are shipped in containers and 15% by weight of ag exports are exported in containers.

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