Tech Guy Opening Calls & Comments 10/2/25

Dec Wheat - 0.75 Lower

Dec Corn - 1.00 Lower

Dec Bean Oil - 0.01 Higher

Nov Beans - 2.25 Lower

November Crude Oil definitively broke down from the trading channel and it looks like price is headed to the 59.75 area. If the trade promptly reverses up, then we would have a fake out breakout.

support - 59.75, 57.70

resistance - 61.85, 62.55

November Soybeans marked the low 1.75 cents below the 1010.00 support level, then rallied about 17.50 cents from the low to the high. This looks like a breakout higher. The market responded to the 1025.00 resistance area near the close.

support - 1020.00, 1015.00

resistance - 1026.00, 1048.00

December Corn marked its high price 2 ticks beneath the 423.00 resistance number, after rallying about 8.00 cents from the stated support prices to the high price print.

support - 414.50, 419.50

resistance - 426.00, 429.50

December SRW Wheat marked its high price 2.00 cents beyond the 514.00 resistance level, after rallying about 8.00 cents from the low to the high price print.

support - 512.00, 509.00

resistance - 520.00, 522.50, 527.50

December HRW Wheat marked its high price 1.50 cents above the 499.00 resistance number, after rallying about 7.00 cents from the low to the high print.

support - 494.50, 492.00

resistance - 508.00-510.00, 515.50

December Spring Wheat marked its low price at the stated 555.00 support number, then rallied 8.75 cents from the low to the high, which was 3 ticks above the 563.00 resistance price.

support - 557.50, 555.00, 543.00

resistance - 565.50, 572.00

Ford, part 1

Henry Ford was born in 1863 and grew up on a farm in Southern Michigan. He worked hard with his parents in the hot sun and cold winters for little gain. He vowed some day he would do what he could to make farming more profitable. In 1928, Henry had the money and the time to begin his “farm work.” He wanted to find a way to grow something on farms that could be used in manufacturing as well as food. After extensive research to find a crop that would benefit farmers the most, he chose soybeans.

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