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Tech Guy's Opening Calls & Tech Talk 02/24/2022

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


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