Tech Guy Opening Calls & Comments 4/23/25

May Wheat - Steady

May Corn - Steady to 1 Lower

May Soymeal - Steady

May Beans - Steady to 1.00 Higher

June Crude Oil marked it's low 18 cents below the 61.70 support level, after breaking down and selling off about 3.40 from the resistance prices.

support - 60.30, 59.30

resistance - 62.85, 64.00

May Soybeans marked the high in between the 2 stated resistance levels, then sold off about 11.50 cents high to low. The higher low printed points towards strength building.

support - 1034.00, 1028.50

resistance - 1050.00, 1060.00

May Corn marked it's low 2.75 cents below the 473.00 support node, after selling off about 7.00 cents from high to low.

support - 470.00, 465.50

resistance - 479.00, 487.50

May SRW Wheat marked it's low 1 tick from the 527.50 support price, after selling off about a dime from high to low.

support - 527.50, 525.75, 520.00

resistance - 538.00, 542.00, 553.00

May HRW Wheat marked it's low 2.00 cents above the 535.00 support level, after selling down about a dime on heavy selling from high to low.

support - 535.00, 530.50

resistance - 546.50-548.00, 555.00

May Spring Wheat marked it's low 2.00 cents above the 588.50 support price, after selling off 8.00 cents high to low.

support - 590.00-588.50, 582.50

resistance - 597.00, 603.50

Milk:

At 840 million tons, milk is the world’s fourth largest agricultural product. India leads global milk production, followed by the United States and China.

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