Tech Guy Opening Calls & Comments 10/20/25

Dec Wheat - 0.50 Higher

Dec Corn - Steady to 0.75 Higher

Dec Bean Oil - Steady

Jan Beans - Steady to 0.50 Higher

December Crude Oil marked its low price 19 cents below the 56.15 support level, after selling off about 1.50 bucks from the open/high price to the spike low.

support - 56.40, 54.80

resistance - 57.50, 58.60

November Soybeans marked the high price 3.75 cents above the upper resistance, after rallying about 13.50 cents from the open/low price to the high print. This is bullish action.

January support - 1042.00, 1033.50

resistance - 1057.00, 1067.00

December Corn marked its low 2 ticks below the 420.00 support number, then rallied about 4.50 cents from the morning low to the high print.

support - 422.00, 419.00

resistance - 426.00, 429.00

December SRW Wheat marked its low 2.00 cents above the 500.00 support price, while moving up only 1.75 cents to 505.50 on the day.

support - 502.00, 500.50

resistance - 510.00, 514.50

December HRW Wheat marked its low almost exactly in between the 490.00 and 486.00 support numbers, after selling off about 6.50 cents from the high to the low price print.

support - 488.25, 485.50

resistance - 494.50, 499.00

December Spring Wheat marked its low price 1.00 cent above the 547.50 support number, while painting an inside day of only 3.00 cents. This is the smallest range for many days, even weeks and because of this, a range expansion day is now due, in either direction - energy release

support - 547.50, 542.50

resistance - 553.00-555.00, 565.00

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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