Tech Guy Opening Calls & Comments 10/1/25

Dec Wheat - Steady

Dec Corn - 0.75 Higher

Dec Bean Oil - 0.08 Higher

Nov Beans - 0.50 Higher

November Crude Oil marked its low price 20 cents below the 61.60 support level, after selling off about 1.50 bucks from below resistance to the low print. Crude is now at the bottom of a 6 week trading channel.

support - 62.40, 59.75

resistance - 62.90-63.00, 63.50

November Soybeans marked the low print 1 tick below the 994.00 support number, then rallied about 26.00 cents from the low to the high price. The high was 4.00 cents above the upper 1016.00 resistance number - technically bullish.

support - 1010.00, 1005.00

resistance - 1020.00 - breakout, 1025, 1035.00

December Corn marked its low 1 tick above the 410.25 support price, then rallied about 9.00 cents to within 1.50 cents of the 421.00 resistance level.

support - 415.00, 413.00

resistance - 421.00, 423.00, 426.00

December SRW Wheat marked its low at the stated 502.00 support number, then rallied about 8.25 cents from the low to the high, and closed 1.00 cent beyond the 509 resistance node.

support - 506.00, 502.00

resistance - 514.00, 520.00

December HRW Wheat took out all the sell stops at and below 496.00. The sellers tried to threaten the weekly 469.00 price, but the bulls began to take control at the 488.00 number. Price rallied back to the 469.00 node, which is now slight resistance.

support - 492.00, 489.50

resistance - 499.00, 505.00, 509.00

December Spring Wheat lost 5.75 cents on the day, taking out daily support levels. The weekly chart is now controlling trade, with 543.00 the next low to the left, unless the bulls can quickly take charge and reverse the chart higher.

support - 555.00, 543.00

resistance - 563.00, 572.50

There are no descendants of George Washington because, when he had mumps as a youngster, he refused to stay in his bed and be physically inactive as the doctor ordered. The mumps “went down on him” and made him sterile. Maybe that was a good thing. Can you imagine everyone knowing you are the great, great, great, great grandchild of George Washington?

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