Tech Guy Opening Calls & Comments 7/8/25

Sep Wheat - 0.25 Lower

Dec Corn - 0.50 Higher

Dec Bean Oil - 0.11 Higher

Nov Beans - 1.00 Lower

August Crude Oil marked it's high 4 ticks below the 68.95 resistance level, after rallying about 1.60 from the low to the high. 71.20 is the halfway back up mark from the big selloff which began at the 78.40 high.

support - 67.25, 66.80, 66.15

resistance - 69.00, 71.20

November Soybeans marked it's low 1.50 cents above the 1012.50 support price, after selling off about a dime from high to low.

support - 1016.50, 1012.50

resistance - 1030.00, 1040.00

December Corn marked it's low 3 ticks beneath the 414.00 support number, after selling off about 7.50 cents from the open/high to the low.

support - 414.00, 409.00

resistance - 419.00, 427.50

September SRW Wheat marked it's low 2 ticks above the 541.50 support point, then it rallied about 8.00 cents from low to high.

support - 542.50, 534.00

resistance - 550.00, 554.00-556.00 - gap

September HRW Wheat marked it's low 2 ticks below the 521.00 support level, after selling off about 9.50 cents from high to low.

support - 520.50, 516.50

resistance - 529.50, 535.00

September Spring Wheat marked it's low 2 ticks above the 625.00 support price, after selling down 11.75 cents from the high to the low.

support - 625.00, 618.50

resistance - 641.50, 646.00

Canola:

The canola market is unlike any other market in that Canada and the EU produce about half of the world's canola. Canada exports most of its canola or canola oil while the EU exports very little. China is the world's third largest producer of canola, uses all of it, and then some. It imports the rest primarily from Canada if politics do not get in the way.

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