Tech Guy Opening Calls & Comments 7/22/25

Sep Wheat - Steady

Dec Corn - 0.75 Lower

Dec Bean Oil - 0.15 Higher

Nov Beans - Steady to 1.00 Lower

September Crude Oil marked it's low 18 cents below the 65.00 support level, after selling off about a buck from the high to the low.

support - 64.45, 64.00

resistance - 66.45, 67.60

November Soybeans marked the low 1 tick above the 1020.00 support price, then rallied almost a dime from low to high.

support - 1020.00, 1015.50

resistance - 1030.00, 1043.50

December Corn marked it's low 3 ticks above the 416.00 support number, after selling down about 7.00 cents from the high/opening printed last night to the low print.

support - 415.50-413.00, 407.00

resistance - 421.00, 425.00

September SRW Wheat marked it's high 1.25 cents above the 551.50 resistance point, after rallying about 17.00 cents from in between the stated support prices to above the stated resistance (high).

support - 546.00, 537.00

resistance - 556.00-557.50, 567.00

September HRW Wheat marked it's low 2.75 cents below the 523.50 support number then rallied about 16.50 cents, almost making it to the 2nd stated resistance point.

support - 531.00, 524.50

resistance - 538.00, 549.00

September Spring Wheat marked it's high 1.75 cents below the 597.00 resistance level, after rallying 9.25 cents from the 586.00 stated support number to the high.

support - 591.00, 586.00

resistance - 604.00, 609.50

Brazil:

Brazil’s main crop growing area has a rainy season from October to April and dry season May to September. During the rainy season, rain will fall 6 to 8 days out of every 10 days. Rain and showers 10 consecutive days is not uncommon. The combines have a roof over the hoppers where the moisture content of the soybeans is usually 16%, and the beans are dried using wood for fuel to make the heat.

For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/