Tech Guy Opening Calls & Comments 10/30/25

Dec Wheat - Steady

Dec Corn - 0.25 to 1.00 Lower

Dec Bean Oil - Steady

Jan Beans - Steady to 1.00 Lower

December Crude Oil marked its low price 9 cents above the 59.55 support level, then rallied about 1.10-1.15 bucks.

support - 59.60, 58.35

resistance - 61.30, 62.10

January Soybeans marked an early high in the trading session 2.50 cents below the 1108.00 resistance price, then sold off about 35.00 cents to test the lower support at the top of the gap around the 1070.00 level. The volatility suggests that there is a lot of energy being expelled which shouldn't end anytime soon.

support - 1091.00, 1073.00

resistance - 1115.00, 1131.50

December Corn marked its low 1 tick below the 428.00 support number, and marked the high 2 ticks above the 436.50 resistance number in what was a back and forth trading day with an approximate 8.50 cent trading range.

support - 427.50, 423.00, 420.50

resistance - 437.00, 443.00

December SRW Wheat marked its high 1 tick above the 535.00 resistance level, then sold off about 15.00 cents to below support.

support - 520.00, 516.50

resistance - 535.00, 540.00

December HRW Wheat marked its high price 2.50 cents beneath the 527.50 resistance number, then sold off about 16.25 cents to test the old support in the 510.00 area.

support - 508.50, 505.00, 500.00

resistance - 520.00, 525.00-527.50

December Spring Wheat lost 12.75 cents on the day, perhaps targeting the old low at 544.50.

support - 546.50-544.50, 542.50

resistance - 560.00-561.25, 570.00

Russia:

Russia is the world's leading exporter of wheat. About 70% of its wheat is winter wheat and 30% is spring wheat. Western Russia and Ukraine produced so much wheat before 1914, that area near the Black Sea was known as the "Bread Basket of the World." World War I ended crop production in the Black Sea area. The Great Plains of the U.S. were plowed-up to feed the world during the war.

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