Tech Guy Opening Calls & Comments 10/27/25

Dec Wheat - Steady to 0.50 Lower

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.10 Lower

Jan Beans - 0.75 to 1.25 Lower

December Crude Oil traded in between both support and resistance, and was down 0.12 at 61.38 at the time of this writing.

support - 60.65-60.35, 59.65

resistance - 62.10-62.60, 63.00

January Soybeans rallied past the nearby resistance levels and gained 23.25 cents to end at 1083.50 for the day.

support - 1081.00, 1070.00

resistance - 1090.00, 1116.00

December Corn marked its high price 1 tick above the 431.50 resistance number, after rallying almost 6.00 cents from the low, which was a gap up on last night's open.

support - 426.00, 423.00

resistance - 432.00, 442.00

December SRW Wheat rallied past all nearby resistance points and closed up 13.50 to 526.00 on the day.

support - 521.50, 516.50

resistance - 532.50-535.00, 540.00

December HRW Wheat ended up 13.00 cents on the day to 514.50, This close was 2 ticks beneath the 515.00 node/support/resistance.

support - 511.50-510.00, 505.00

resistance - 519.00, 524.50-527.00

December Spring Wheat marked its high price 1.75 cents beyond the 565.00 resistance number, then sold off about 8.00 cents, which was about 1.50 cents from the low price.

support - 555.50, 550.00

resistance - 567.00, 572.00

Vegetable Oils:

There are nine major vegetable oils in the world marketplace. Palm oil is the most widely traded vegetable oil, followed by soybean, canola (aka rapeseed), sunflower, palm kernel, peanut, cotton, coconut, and olive. Palm oil is considered the least healthy, canola the most healthy, but olive is the most tasty.

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