Tech Guy Opening Calls & Comments 8/12/25

Sep Wheat - Steady

Dec Corn - 0.50 Higher to 0.50 Lower

Dec Bean Oil - Steady

Nov Beans - Steady to 1.00 Lower

September Crude Oil marked it's low 2 cents shy of the 62.80 support level, after selling off from below resistance, about 1.50 from the high to the low.

support - 62.80, 62.00

resistance - 64.50, 65.30

November Soybeans marked the low 2.00 cents above the 992.00 support price, then rallied about 41.00 cents from the low to the high, while eclipsing resistance numbers.

support - 1020.00, 1015.00

resistance - 1035.00, 1043.50

December Corn crashed through support levels on the way to losing about 13.50 cents for the day.

support - 389.00, 385.00

resistance - 406.00, 410.00

September SRW Wheat marked it's low about a nickel below support, on the way to losing about a dime on the trading session.

support - 502.50, 485.00

resistance - 513.00, 523.50

September HRW Wheat marked it's low 3 ticks above the 506.50 support number, after selling off about 12.25 cents from the morning high to the session low.

support - 507.00, 503.00

resistance - 519.50, 525.00

September Spring Wheat marked it's low at the stated 574.00 support price, after selling down about 9.00 cents from the high to the low.

support - 574.00, 570.00

resistance - 583.00, 594.00

Brazil’s soybean production has doubled in the last 20 years, but its corn production has tripled. Twenty-five years ago, Brazil was a net importer of corn. During the 2023-24 marketing year, for the first time ever, the U.S. was not the world’s leading corn exporter; Brazil was. What made Brazil the world’s number 2 corn producer? Asian Leaf Rust.

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/