Tech Guy Opening Calls & Comments 10/21/25

Dec Wheat - 0.75 Higher

Dec Corn - 0.25 Lower

Dec Bean Oil - 0.11 Higher

Jan Beans - 0.50 Lower

December Crude Oil marked its low 5 cents below the 56.40 support level, then rallied about 1.70 bucks from the spike low to the spike high. This type of price action tells us crude is in a sideways back and forth channel.

support - 56.35, 55.90

resistance - 58.10, 58.65

January Soybeans marked the high 2 ticks below the 1057.00 resistance number, then corrected down about 10.50 cents from the high to the low price print.

support - 1045.00-1042.50

resistance - 1057.00, 1067.00

December Corn marked its low price 2 ticks beneath the 419.00 support number, after selling off about 6.00 cents from the high to the low print.

support - 419.00, 416.00

resistance - 425.00, 428.50

December SRW Wheat marked its low price 2.50 cents below the 500.50 support number, after selling off about 8.50 cents from the open/high price to the session low.

support - 499.00, 495.00

resistance - 506.50-507.50, 510.00

December HRW Wheat marked its low price 2.50 cents below the 485.50 support level, after selling down about 9.00 cents from the high to the low.

support - 484.50, 477.00

resistance - 492.00, 495.00

December Spring Wheat marked its low price 2.00 cents above the 542.50 weekly support number, after selling off 4.50 cents from the session high to the low print.

support - 542.50, 490.50

resistance - 553.00, 561.00

Wheat:

At 770 million tons, wheat is the world’s fifth largest agricultural product. Wheat is a foundational crop in human history, dating back to the first agricultural operations in Mesopotamia. Today, wheat is grown on every continent except Antarctica, with Russia, China, and India as leading producers. Wheat fields, characterized by golden stalks swaying in the wind, symbolize abundance and sustenance.

For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/