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Tech Guy Opening Calls & Comments 1/30/25

Writer's picture: Tech GuyTech Guy

Marc Wheat - Steady to 0.50 Lower


March Corn - Steady to 0.75 Lower


March Soymeal - 0.30 Higher


March Beans - 0.75 Higher to 1.00 Lower


March Crude Oil marked it's high 9 cents beyond the 73.75 resistance level, after rallying about 1.75 from the 72.02 low print.

support - 72.00-71.78, 70.80

resistance - 73.80, 74.30


March Soybeans marked the low 3.75 cents below the 1046.00 support price, after selling off about 18 cents high to low.

support - 1042.00, 1035.00

resistance - 1055.00, 1062.50


March Soymeal marked it's low 2 ticks above the 303.50 support point, after selling off over 6 bucks from last night's opening.

support - 304.00-303.50, 298.00

resistance - 309.20-311.00, 315.00 - gap closure


March Corn sold off 7.00 cents on the day, but remained 6 cents away from the 584.00 support level. Both corn and beans had above average size bids (2X) sitting on the trade ladders, keeping them from selling anymore. We will see if the shorts can bring them down some more tonight.

support - 488.50, 484.00

resistance - 497.50, 510.00


March SRW Wheat marked it's high 1 tick above the 569.50 resistance price, after rallying about 11 cents from the overnight low to high. It appears that both soft & hard winter wheat are trying to breakout higher.

support - 560.50-558.75, 553.50

resistance - 581.00-585.00, 596.00


March HRW Wheat closed 1.25 cents above the 586.00 resistance price, up 7.00 cents for the session.

support - 580.00, 575.50

resistance - 594.00, 603.50


March Spring Wheat closed 2.25 cents above the 618.00 resistance level at the price of 620.25. A confirmed breakout higher.

support - 613.50-611.50, 605.50

resistance - 635.00-640.00


March S&P marked it's high 6 bucks below the 6122 resistance level in another small range day. Therefore tomorrow is more likely to be a range expansion day.

support - 6067, 6025

resistance - 6120, 6165

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