Tech Guy Opening Calls & Comments 7/23/25

Sep Wheat - Steady to 0.50 Higher

Dec Corn - 0.50 Lower to 0.50 Higher

Dec Bean Oil - 0.09 Higher

Nov Beans - Steady to 0.75 Higher

September Crude Oil marked it's low 32 cents above the 64.45 support number, after selling off over a Dollar from the high to the low.

support - 64.45, 64.00

resistance - 66.00, 66.50

November Soybeans marked the low 1.75 cents above the 1020.00 support level, after selling off about 14.00 cents from the high to the low, which was printed in between the 2 stated support prices.

support - 1020.00-1018.50, 1015.00

resistance - 1036.00, 1044.00

December Corn marked it's low 1 tick above the 415.50 upper bracket support level, after selling off 4.50 cents from the high, in a small trading range day.

support - 415.00-413.00, 408.50

resistance - 421.00, 425.00

September SRW Wheat marked it's low 3.00 cents above the 537.00 support number, after selling off about 12.50 cents from the high to the low.

support - 540.00-537.00, 532.00

resistance - 553.00, 558.00

September HRW Wheat marked it's high 1.50 cents shy of the 536.50 resistance price, then sold off about 13.00 cents from the high to the low.

support - 523.25, 520.50, 515.00

resistance - 538.00, 549.50

September Spring Wheat marked it's low 3 ticks below the 586.00 support level, after selling down about 9.50 cents from high to low.

support - 585.00, 563.50

resistance - 595.50, 604.50

Selling:

When pricing new crop corn and beans during the growing season, you should always sell 100% of the bushels in the December corn or the November soybean contracts because as the new crop gets made, those contracts will go down more than the deferred contracts.

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