Tech Guy Opening Calls & Comments 8/13/25

Sep Wheat - 0.25 Lower

Dec Corn - 0.75 Higher to 0.50 Lower

Dec Bean Oil - .01 Higher

Nov Beans - 2.00 to 3.00 Lower

September Crude Oil marked it's low 6 cents below the 62.00 support level, which was created by an old chart low to the left, after selling off about 1.40 from the high to the low. The trend remains down.

support - 62.00, 60.80

resistance - 63.50, 64.60

November Soybeans marked it's high 3.75 cents above the 1043.50 resistance number, after rallying about 17.50 cents from the low to the high. Beans traded above the first support of 1035.00, then later in the session, 1035.00 became support.

support - 1035.00, 1027.00

resistance - 1047.50, 1060.00

December Corn painted a small up day of 2.25 cents on the daily bar, while remaining in between support and resistance. A higher low was printed today, giving more confidence to the idea that the buyers will take charge from here.

support - 393.50, 392.00, 385.00

resistance - 399.00, 406.50

September SRW Wheat marked it's low 1 tick below the 502.50 support price, then rallied about 8.25 cents from the low to the high.

support - 503.00-502.00, 485.00

resistance - 513.00, 524.00

September HRW Wheat marked it's low 1.25 cents above the 502.00 support number, then rallied about a dime from high to low.

support - 504.00-503.00, 500.00

resistance - 514.00, 520.00

September Spring Wheat marked it's low 1 tick above the 573.00 support level, then rallied about 13.00 cents from low to high.

support - 575.00, 570.00

resistance - 584.00, 589.50

Commercial grain 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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