Tech Guy Opening Calls & Comments 10/6/25

Dec Wheat - 0.25 Higher

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.06 Lower

Nov Beans - 0.75 Lower

November Crude Oil marked its high price 27 cents above the 61.85 resistance level, then sold off about a buck from the high to the low.

support - 61.00, 60.35

resistance - 62.30, 62.95

November Soybeans marked the low price 1.50 cents below the 1015.50 support number, then rallied about 9.00 cents from the low to the high price print.

support - 1013.00, 1008.00

resistance - 1024.00, 1029.00

December Corn marked its low price 1 tick beneath the 417.50 support number, then rallied about 8.00 cents from the low price to the high print.

support - 418.50-417.00, 414.50

resistance - 424.00, 429.00

December SRW Wheat marked its high price 1 tick below the 518.50 bracket resistance level, then sold off about 6.25 cents, to 2 ticks below the 512.50 support number.

support - 511.50, 508.00

resistance - 518.50, 522.50

December HRW Wheat marked its low price 3 ticks below the 494.50 support level, then rallied almost 5.00 cents from the low to the high price print.

support - 493.50, 488.00

resistance - 501.50, 510.50

December Spring Wheat marked its low price 1.00 cent above the 555.00 support number, after selling off 6.00 cents from the high to the low print.

support - 555.00, 542.00

resistance - 564.00, 572.00

Lincoln:

The Morrill Act of 1862 was signed into law by President Lincoln on 2 July 1862. It granted each state 30,000 acres blocks of federal land for each of its electoral votes. States were to sell this land to raise money to fund colleges that would focus on teaching agriculture and mechanical developments. These colleges became known as “Land Grant” colleges. These schools were also required to teach military tactics, which were designated as the Reserve Officer Training Corps (ROTC) in 1916.

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