Tech Guy Opening Calls, Comments and Projections 6/17/25

July Wheat - Steady

July Corn - 0.25 to 0.75 Higher

July Soybean Oil - Steady

July Beans - 1.00 Lower

July Crude Oil marked it's low 26 cents above the 69.30 support level on the open last night. Crude then rallied about 3.35 from low to high, closing a few ticks from the high which was very near the 74.00 resistance.

support - 72.00, 70.90

resistance - 74.00 - breakout point, 77.50

July Soybeans marked it's low 1 tick beneath the 1064.00 support price, then rallied about 11.50 cents from the low to the high. Once beans closes above 1082, it will be free to rally to 1158.00 minimum, which is a gap closure.

support - 1070.00, 1066.50

resistance/targets - 1080.00-1082.00, 1088.00, 1130.00

July Corn managed to hold the first support area and marked it's low 2 ticks above the 429.00 support number, after selling off 4.00 cents from high to low.

support - 429.00, 416.50

resistance - 437.50, 447.00

July SRW Wheat marked it's low 2.25 cents above the 534.00 support price on the overnight open, then rallied about 16.00 cents from low to high.

support - 540.00, 531.00

resistance - 558.50 - breakout from inverted head & shoulders bottom that projects to about 610.00, 575.50

July HRW Wheat marked it's high 1.00 cent below the 550 resistance number, after rallying about 14.00 cents from low to high.

support - 543.50, 538.00

resistance - 551.00 - breakout point, 562.50, 570.00

July Spring Wheat marked it's low 2.25 cents above the 615.00 support level, then rallied 14.25 cents from low to high.

support - 626.00, 617.00

resistance - 635.00-636.00 - breakout area, 640.00, 654.00

July Soybean Oil has support at 54.00 & 52.50

Oats:

Old timers will tell you, Oats knows! What do oats know? The price outlook of corn! If the price of oats is in an uptrend, corn will soon follow and vice versa. While that may have been true when horsepower came from horses whose primary energy came from oats, it is not something you should bet your farm on these days.

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