Tech Guy Opening Calls & Comments 8/11/25

Sep Wheat - Steady to 0.75 Lower

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.02 Lower

Nov Beans - 0.25 to 1.25 Lower

September Crude Oil marked it's low about 20 cents above the 62.80 support level, then rallied almost 1.50 bucks from the low to the high.

support - 63.60, 62.80

resistance - 64.60, 65.20

November Soybeans marked the low 1.50 cents below the 986.00 support price, then rallied about 25.50 cents from low to high , taking out resistance numbers.

support - 1001.50, 992.00

resistance - 1021.50, 1029.00

December Corn marked it's low in the middle of the 3 cent support range, then rallied about 6.25 cents from the low to the high.

support - 405.50, 402.50

resistance - 411.00-412.50, 416.00

September SRW Wheat marked it's high 1 tick above the 523.00 resistance level, then sold off about 9.00 cents from the high to the low.

support - 513.00, 509.50

resistance - 523.50, 532.00

September HRW Wheat marked it's low 1.50 cents below the 513.00 support number, then rallied about 13.00 cents from the low to the high print.

support - 511.50, 506.50

resistance - 525.00, 530.00

September Spring Wheat marked it's low 1.00 cent above the 569.50 support price, then rallied 12.00 cents from the low to the high, which was a couple of cents shy of the first resistance number.

support - 574.00, 570.00

resistance - 585.00, 595.00

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 not provide 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.

For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/