Tech Guy Opening Calls & Comments 10/8/25

Dec Wheat - Steady

Dec Corn - Steady

Dec Bean Oil - Steady

Nov Beans - 0.50 Lower

November Crude Oil marked its high price close to halfway in between the 2 stated resistance levels of 62.50 and 63.30, after rallying about 90 cents from the open/low to the high price print.

support - 62.00, 61.70. below 62.00 would be a good stop loss level if going long.

resistance - 63.00, 63.55

November Soybeans marked the high price 2.00 cents beyond the 1028.00 resistance number, after rallying about a dime from the low to the high price print.

support - 1024.00, 1020.00

resistance - 1035.00, 1048.00

December Corn marked its low price at the stated support price of 418.50, then rallied about 4.25 cents from the low to the high print.

support - 419.50-418.50, 417.00

resistance - 425.00, 428.50

December SRW Wheat marked its low price 1.75 cents below the 505.50 support number, then rallied about 5.50 cents from the low to the high print.

support - 503.50-502.00, 498.00

resistance - 510.00, 514.50

December HRW Wheat marked its low price 1.00 cent above the 488.00 support level, then rallied about 5.50 cents from the low to the high price print.

support - 490.00, 488.00

resistance - 487.50, 501.50

December Spring Wheat marked its low price 1 tick above the 551.00 support number, then the market moved up 5.75 cents from the low to the high print.

support - 551.00, 542.00

resistance - 564.00, 572.00

To control Asian Leaf Rust (ALR), Brazil’s government forbids soybeans to be planted during a 90 day period during the dry season and each state has added a further “no planting” soybeans as a second crop starting generally from late December to mid-January. This is to prevent soybean plants to serve as a host for the ALR spores in the latter half of the growing season and into the dry season. This "no plant zone" is the major ALR control measure. Corn became the preferred second crop which led to Brazil being the largest corn exporter in the world in the 2023-204 marketing year. That was the first year the U.S. was not the world's largest corn exporter.

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