Tech Guy Opening Calls & Comments 10/9/25

Dec Wheat - 2.00 Higher

Dec Corn - 0.50 Higher to 0.75 Lower

Dec Bean Oil - 0.06 Higher

Nov Beans - 0.50 Lower

November Crude Oil marked its high 13 cents below the 63.00 resistance level, then sold off about 1.70 bucks, falling through the nearby support numbers.

support - 60.70, 60.40

resistance - 62.10, 62.95

November Soybeans marked the low 3 ticks above the 1020.00 support price, after selling off almost a dime from the open/high price down to the low price print.

support - 1020.00, 1015.00

resistance - 1028.00-1030.00, 1048.00

Dec Corn marked its low price at 418.00, which was within the support bracket, after selling off about 5.25 cents from the high to the low print.

support - 418.00-417.25, 414.50

resistance - 423.25, 424.50, 426.00

Dec SRW Wheat marked its high price 1.00 cent below the 514.50 resistance number, then sold off about 7.00 cents from the high to the low print.

support - 505.00-503.75, 502.00, 498.50

resistance - 511.00, 513.50, 519.00

Dec HRW Wheat marked its high price 3 ticks above the 497.50 resistance level (excuse yest. typo), then sold off about a dime from the high to the low print.

support - 489.00-488.00, 469.50 - weekly low

resistance - 497.50-499.50, 501.50, 510.00

Dec Spring Wheat marked its high price 1.00 cent above the 564.00 resistance number, then sold off about a dime from the high to the low price print.

support - 555.00, 550.50

resistance - 565.00, 572.00

The commercial trade:

In the grain trade, ABCD refers to ADM, Bunge, Cargill, and Louis Dreyfus Company. These four multinational companies control 90% of the global grain trade, plus a considerable portion of the food processing chain. Collectively known as the ABCD companies, they may not be as recognizable as the big four oil or tech names but approach them in their economic clout. Cargill is, by far, the largest grain company of the four and it is the largest privately held company in the U.S. and probably the world.

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