Tech Guy Opening Calls & Comments 10/16/25

Dec Wheat - 0.25 Lower

Dec Corn - 0.25 to 1.00 Lower

Dec Bean Oil - Steady to 0.05 Lower

Nov Beans - 0.25 Higher

December Crude Oil marked its low price 26 cents above the 57.00 support level, after selling off almost 2 bucks from the high to the low price print.

support - 56.55, 54.85

resistance - 58.50, 59.00

November Soybeans marked the high in between the 2 stated resistance prices of 1016.00 and 1023.00 at 1019.75, after rallying almost 14.00 cents from the low to the high print.

support - 1010.00-1008.00, 1005.00

resistance - 1020.00, 1028.00

December Corn rallied 7.00 cents from 2 ticks above the 416.00 support number to the 423.50 stated resistance number.

support - 418.50, 416.50

resistance - 423.50, 426.00

December SRW Wheat marked its low price 2 ticks above the 494.75 support number, then rallied about 8.50 cents from the low price to the high print.

support - 501.50, 495.00

resistance - 505.00, 510.00

December HRW Wheat marked its low 1 tick above the 484.00 support level, then rallied almost 7.00 cents from the low to the high print.

support - 487.25, 484.00

resistance - 493.50, 498.50

December Spring Wheat marked the low price 2.00 cents below the 550.00 support number, while trading in a small 4.50 cent range and closing at 549.50.

support - 542.50

resistance - 550.00 - if price reverses back up, the selloff today will be a fakeout, 555.00

Corn:

At 1.2 billion tons, maize (corn) is the world’s second largest agricultural product and one of the most versatile crops, used for food, feed, fuel and industrial applications. The U.S. dominates maize production, contributing 40% of the global total, followed by China and Brazil.

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