Tech Guy Opening Calls & Comments 7/9/25

Sep Wheat - Steady

Dec Corn - 0.25 Lower

Dec Bean Oil - 0.02 Lower

Nov Beans - 0.25 Lower

August Crude Oil marked it's high 6 cents below the 69.00 resistance level, remained above support, and closed near the midpoint of a 1.25 range.

support - 67.45, 66.10

resistance - 98.95, 71.20

November Soybeans marked the low 5.50 cents below the 1012.50 support node, after selling off about 8.50 cents from the high to the 1012.50 support price - very weak action.

support - 1006.50, 992.00, 987.00

resistance - 1022.00, 1030.00

December Corn marked it's low near the midpoint between the 2 stated support numbers of 414.00 and 409.00, after selling off about 4.50 cents from the high to the 411.75 low.

support - 413.75, 409.50

resistance - 419.00-420.50, 427.50

September SRW Wheat marked it's low 3 ticks below the 542.50 support level, after selling down about 9.50 cents, from 5 ticks above the 550.00 resistance price.

support - 541.75, 534.50

resistance - 551.00, 556.00

September HRW Wheat marked it's low 2 ticks below the 516.50 support number, then rallied about 9.00 cents from low to high.

support - 520.50, 516.00

resistance - 525.00 - breakout, 530.00, 535.00

September Spring Wheat marked it's low 1.00 cent above the 625.00 support number, and closed 1.75 cents better on the day.

support - 625.50, 618.50

resistance - 636.00, 642.00

Wheat:

Hard wheat is used for bread and soft wheat is used for pastries. When one chews a small handful of wheat, within a matter of minutes, a wad of gum is left in one's mouth. That is a protein called gluten. Hard wheat has a higher gluten content than soft wheat. That is why cookies and cake have more crumbs than bread.

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