Tech Guy Opening Calls & Comments 10/29/25

Dec Wheat - 1.00 Higher

Dec Corn - 0.50 Higher to 0.50 Lower

Dec Bean Oil - Steady

Jan Beans - 3.25 Lower

December Crude Oil marked its low price 7 cents above the 59.65 support level, then rallied about 1.30 bucks from the low to the high price print, which was 22 cents above the 60.80 resistance number.

support - 59.55, 58.35

resistance - 61.30, 62.05

January Soybeans marked the low price 2.75 cents above the 1082.50 support number, then rallied about 13.00 cents from the low to the high print.

support - 1085.25-1082.50, 1078.50

resistance - 1098.50, 1108.00

December Corn marked its high price 1.50 cents below the 436.50 resistance number, after rallying about a nickel from the low to the high print.

support - 430.50, 428.00

resistance - 436.50, 442.50

December SRW Wheat marked its high price 1.25 cents shy of the 435.00 resistance number, after moving up about 7.00 cents from just above the first support level.

support - 529.00, 524.50

resistance - 535.00, 540.00, 546.00

December HRW Wheat marked its high price directly at the 525.00 stated resistance number, after rallying about 7.00 cents from low to high.

support - 520.50, 515.00

resistance - 527.50, 537.50

December Spring Wheat marked its low price 3 ticks above the 559.00 support level, after selling off 7.75 cents from the high to the low print.

support - 559.00, 555.00

resistance - 567.50-569.50, 578.50

Wheat:

Hard wheat is used for bread and soft wheat is used for pastries. When one chews a small handful of wheat, within a matter of minutes, a wad of gum is left in one's mouth. That is a protein called gluten. Hard wheat has a higher gluten content than soft wheat. That is why cookies and cake have more crumbs than bread.

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