Tech Guy Opening Calls & Comments 10/13/25

Dec Wheat - 0.25 Higher

Dec Corn - 0.25 Higher to 0.75 Lower

Dec Bean Oil - Steady

Nov Beans - Steady to 0.75 Lower

December Crude Oil marked its low 40 cents above the 57.40 support level, after selling off about 3.40 Dollars from the open/high price to the low price print.

support - 57.50, 56.75

resistance - 60.00, 61.20

November Soybeans marked its low 2 ticks above the 1002.00 support number, after selling off about 22.25 cents from the high price to the low print.

support - 1002.00, 995.00

resistance - 1016.00, 1025.00

December Corn marked its low 2 ticks above the 410.00 support level, after selling off about 4.50 cents from the high to the low print.

support - 410.00, 403.50

resistance - 415.00, 419.00

December SRW Wheat marked its low price on the stated support number of 494.50, after moving down about 7.50 cents from the high to the low price.

support - 494.50, 485.50 - weekly support

resistance - 502.00, 505.00, 510.00

December HRW Wheat marked its low price 1.00 penny below the 480.50 support number, after selling off about 6.75 cents from the open/high to the low print.

support - 479.50, 469.50

resistance - 486.00-497.50, 493.00

December Spring Wheat marked the low price on the stated 550.00 support number, after trading in a small 5.00 cent range for the day.

support - 550.00, 542.50

resistance - 555.00, 561.00

Wheat trade:

The Soviets bought 10 million mts of wheat 30% below the cost of production, thanks to U.S. taxpayers. “The Great Train Robbery” in England in 1963 netted robbers over £2.6 million, equivalent of over £80 million today. The Soviet wheat deal of 1973 became known as “The Great Grain Robbery” as U.S. taxpayers and consumers paid for the subsidy that benefitted the Soviet Union and then had to pay 30% more for wheat flour.

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