Tech Guy Weekend Comments 7/13/25

August Crude Oil rallied about 2.25 to reach old resistance near 68.70.

support - 68.20, 67.15

resistance - 69.00 - breakout, 71.50

November Soybeans marked the low 1.50 cents above the 1002.00 support level, after selling off about 14.00 cents from the high to the low.

support - 1002.00, 987.00

resistance - 1014.00, 1021.00

December Corn marked it's low at the stated 411.50 support price, after selling down about 7.50 cents from near resistance.

support - 411.50, 409.00

resistance - 418.00, 421.00

September SRW Wheat marked it's high 1.50 cents above the 556.00 resistance number, then sold off about 13.50 cents from high to the low.

support - 543.50, 540.00

resistance - 556.00-558.00

September HRW Wheat marked it's high 2.00 cents above the 536.00 resistance point, then sold off about 15.00 cents from high to low.

support - 523.00, 519.00

resistance - 538.00, 550.00

September Spring Wheat lost about 18.00 cents for the trading session, crashing through current support and revisiting old support in the 612.00 vicinity.

support - 612.00, 608.00

resistance - 633.00, 640.00

Tidbits on Nitrogen and China:

Of all the nitrogen used by plants worldwide, 1% is gleaned from the atmosphere by rain.

China consumes 30% of the world’s annual soybean meal production.

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