Tech Guy Weekend Comments 6/28/25

August Crude Oil marked it's low 5 ticks from the 64.75 support level, after selling off about $1.20 from the high to the low. Trading is still confined to about a 2 Dollar range.

support - 64.85 - breakdown lower mark, 64.00

resistance - 66.10, 66.50

November Soybeans marked the high 2 ticks shy of the 1032.50 resistance price, after rallying almost 20 cents from the stated support range (low print). There's a lower trendline at about 992.00 if the bears can maintain control. If beans mark a higher high for the move on Monday, the lower targets probably become null.

support - 1022.75, 1016.50

resistance - 1032.00, 1041.50

December Corn marked it's high 1.50 cents above the 426.50 resistance number, after rallying about 7.50 cents from low to high.

support - 424.00, 420.00

resistance - 428.50, 435.00

September SRW Wheat marked it's low 2 ticks above the 536.50 support point, then rallied about 9.00 cents, to 2.50 cents short of the stated resistance level.

support - 539.00, 536.00, 525.00

resistance - 548.00, 553.50

September HRW Wheat marked it's low 1.50 cents below the 533.00 support price, after selling off about 8.00 cents from high to low.

support - 529.00, 518.00

resistance - 543.00, 552.00

September Spring Wheat marked it's high 4.00 cents above the stated resistance number on a flurry of buying at the pit open, then sold off 14.50 cents from high to low.

support - 623.50, 619.00

resistance - 638.50, 646.00

President Abraham Lincoln created the USDA on 15 May 1862 to support farmers who were growing the food to feed the civilians and the soldiers fighting to save the Union. Lincoln believed that agriculture was vital to a stable society, and he wanted to show the nation’s gratitude to the nation’s farmers with research and development of farm equipment and the best varieties for crop production through a structure for agricultural production education. Since more than half of America’s population were farmers, Lincoln called the USDA The People’s Department.

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