Tech Guy Opening Calls & Comments 7/24/25

Sep Wheat - 0.25 Lower

Dec Corn - 0.50 Lower

Dec Bean Oil - 0.08 Lower

Nov Beans - 0.25 Lower

September Crude Oil marked it's high 11 cents shy of the 66.50 resistance level, then sold off about 1.10 from the high to the low. It was a relatively narrow ranged day.

support - 65.25, 64.60

resistance - 66.60, 67.60

November Soybeans marked it's low 3 ticks below the 1020.00 support price, after selling off about 9.50 cents from the high down to the low. Today's low was the 3rd low test, making it less likely that we see price below 1020.00 again.

support - 1022.00, 1016.00

resistance - 1037.50, 1044.00

December Corn marked it's high 2.00 cents above the 421.00 resistance number, after buying up about 4.00 cents from the low. Later, it sold again, then rallied up about 2/3rds back higher - quiet day.

support - 417.50, 415.00

resistance - 425.00, 430.50

September SRW Wheat marked it's low print 2.00 cents below the 537.00 lower support range price, after selling off about 11.00 cents from the early morning high to the low.

support - 538.00, 534.50

resistance - 546.50, 553.00

September HRW Wheat marked it's low 1.00 penny above the 520.50 support number, then rallied about 7.00 cents from low to high.

support - 524.00, 521.00

resistance - 537.00, 549.50

September Spring Wheat marked it's low 2 ticks below the 585.00 support level, after printing the high 8.50 cents higher.

support - 584.00, 563.50

resistance - 593.00-596.00, 604.00

Agriculture:

Agriculture employs over 1 billion people worldwide, accounting for about 28% of the global workforce, making it the single largest employer.

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/