Opening Calls
Corn: up 1 to 2
Soybeans: steady to up 2
Wheat: up 2 to 4
Tech Talk from the Tech Guy
Last night, the Tech Guy wrote about May soybeans:
We will see if $16.33 to $16.30 functions as support. The next level of support is $16.12 to $16.10 and then $15.91. If May beans do not trade below $16.33 tonight and tomorrow, this is one strong bull and get out of the way.
The low was made early last night at $16.36. The high on May beans was $16.75 and the settlement was $16.71, up 36 cents.
The Tech Guy said last night May corn had support at $6.69 and then $6.60.
The low was $6.67½, the high was $6.82¼ and the settlement was $6.81¼, up 8¾.
The Tech Guy said last night May wheat had support at $8.39 and then $8.21.
The low was $8.42¾, the high was $8.84¾ and the settlement was $8.84¾, up 32¼.
Tonight, he says:
Levels of Support
May Wheat $8.54, $8.39
May Corn $6.69, $6.60
May Beans $16.53, $16.34