Tech Guy Opening Calls & Comments 7/28/25

Sep Wheat - 0.50 Lower

Dec Corn - 0.75 to 1.25 Lower

Dec Bean Oil - 0.03 Lower

Nov Beans - 0.50 to 1.50 Lower

September Crude Oil broke up through resistance and gained 1.81 on the day, to 66.97, at the time of this writing.

support - 65.25-65.00, 64.50

resistance - 67.25, 67.70

November Soybeans marked the low 5.50 cents below the 1016.00 support level, almost trading to an old support number while losing 9.50 cents for the day.

support - 1008.50, 1000.00

resistance - 1020.00-1022.00, 1028.50

December Corn marked it's low 2.25 cents below the 415.00 support, after selling off about 8.00 cents from the high to the low.

support - 412.50, 497.50

resistance - 420.00, 423.50

September SRW Wheat marked it's low 1 tick above the 532.00 support price, then rallied almost 8.00 cents from the low to the high.

support - 535.00, 532.00

resistance - 544.00-546.00, 552.50

September HRW Wheat marked it's low 2 ticks above the 521.00 support number, then rallied about 7.50 cents from the low to the high.

support - 523.50-522.50, 520.50

resistance - 529.00-530.50, 537.00

September Spring Wheat lost a few cents on the day, closing below the 585.00 support price. Spring wheat may be headed down to test the old low at 563.50. The other scenario is that today's selling could be a fake out to the downside. Watch to see if the buyers can close above the 585.00 number.

support - 563.50

resistance - 593.00, 604.00

World crops:

Bees pollinate roughly 35% of the world’s food crops.

Since 1961, global grain yields have tripled, allowing food production to outpace population growth.

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