Tech Guy Weekend Comments 5/25/25

The front month daily charts of wheat, corn and beans all indicate some level of confidence that lows are in place for a rally to occur. Wheat is the weakest chart, soybeans the strongest, while corn is in the middle.

July Wheat recently almost tested last August lows, then reversed higher - you will see this on the daily chart - red arrow below.

The Corn Daily continuation is a little bit stronger, with the inverted head and shoulders pattern. The buyers are trying to complete the right shoulder for a rally to occur. The right neckline is higher than the left - this is considered bullish.

The Daily continuation Soybean chart is the strongest of the 3, with prices near the neckline of the bottom formation, as you will see below. The neckline is the breakout higher level - red line.

USDA reports:

The World Agricultural Supply and Demand Estimates (WASDE) board was formed in 1973 as a joint effort of the National Weather Service, World Agricultural Outlook Board (WAOB) and the USDA because of the Great Grain Robbery of 1972. The CIA was tasked with collecting crop information on countries around the world and reporting that information to the World Agricultural Outlook Board.

For more pertinent market news and fundamental grain information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/