Tech Guy Opening Calls & Comments 10/23/25

Dec Wheat - Steady

Dec Corn - 0.25 Lower

Dec Bean Oil - 0.13 Higher

Jan Beans - 0.25 Lower

December Crude Oil gained 3.14 for the day after trading through the upper resistance of 61.20. Afterwards, this level became support.

support - 61.10, 60.40, 59.70

resistance - 62.55, 66.00

January Soybeans marked the high price 4.25 cents above the 1058 resistance number, seemingly on the way to 1072.00. The rally was about 12.50 cents from the low to the high print.

support - 1056.50, 1053.00

resistance - 1072.00, 1081.50

December Corn marked its high price at the stated 428.50 resistance number, after rallying about 7.50 cents from the stated 421.00 support number.

support - 425.50, 422.25

resistance - 431.00-434.00, 443.00

December SRW Wheat marked its high at the stated 513.50 resistance number, after rallying about 11.00 cents from 1.00 cent above the 501.50 support number.

support - 510.00, 507.00

resistance - 518.50, 522.00

December HRW Wheat marked its high price 1 tick below the 501.00 resistance target, after rallying about 12.50 cents from 1.25 cents above the 487.00 support number.

support - 497.50, 494.50

resistance - 508.50, 512.00

December Spring Wheat marked its high price 2.50 cents below the 561.00 resistance level, after rallying 10.25 cents on the trading session.

support - 553.50, 550.50

resistance - 561.00, 565.00

Soybeans:

At 370 million tons, soybeans are the world’s seventh largest agricultural product and a powerhouse crop, used for food, animal feed, and industrial applications. Brazil, the U.S., and Argentina dominate global production by far with Paraguay and distant fourth place producer of soybeans. Henry Ford was the man who transformed soybeans from a forage crop to protein supplement and vegetable oil, which is now used to make more than 1400 products.

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