Tech Guy Opening Calls & Comments 11/4/25

Dec Wheat - 0.25 Higher

Dec Corn - 0.25 to 1.00 Lower

Dec Bean Oil - 0.07 Higher

Jan Beans - 1.25 Lower

December Crude Oil marked its low 6 cents below the 60.00 support level, after falling about 1.07 Dollars from the opening/high last night to the low during the early morning.

support - 59.95, 58.90

resistance - 61.50, 62.60

January Soybeans marked the low price 2.00 cents below the 1114.50 support number, after selling off about 22.50 cents from the opening/high price to the low price print.

support - 1112.00-1100.00, 1070.00

resistance 1135.00, 1155.00

December Corn traded down almost 6.00 cents from the high to the low, while remaining within the support and resistance levels.

support - 429.00, 427.50, 426.50

resistance - 435.00-437.00, 442.50

December SRW Wheat found support about 5.00 cents above the stated support, then rallied about 10.50 cents, to very close to the midpoint of the 2 stated resistance numbers.

support - 540.00, 531.00

resistance - 553.00, 557.50, 569.00

December HRW Wheat marked its low 2 ticks above the 518.00 support number, then rallied almost 18.00 cents to 1.50 cents below the 538.00 resistance price.

support - 530.50, 526.00

resistance - 538.00, 549.50

December Spring Wheat marked its low price 1.00 cent above the 554.50 support number, after selling off 5.50 cents from the 561.00 stated resistance level.

support - 555.00, 549.50

resistance - 561.00, 568.00

China:

China has two classes of soybeans. Number 1 soybeans are soybeans produced in China. Number 2 soybeans are imported soybeans. That is the only difference. When the government offers government owned grain and beans for public auction, the commodities offered for bids are always imported commodities. Auctions are scheduled when domestic prices get high enough that the natives become restless. Auctioned supplies are always replaced with more imports.

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