Tech Guy Opening Calls & Comments 8/18/25

Sep Wheat - 0.75 Lower

Dec Corn - 0.25 to 1.00 Lower

Dec Bean Oil - Steady

Nov Beans - 0.75 Higher to 1.00 Lower

September Crude Oil gapped down last night and marked it's low 35 cents below the 61.80 support level, then rallied about 1.55 from the low to the high.

support - 61.45, 59.80

resistance - 64.20, 65.20

November Soybeans marked the low 2.00 cents above the 1032.50 support price, then rallied about 13.50 cents from low to high.

support - 1034.00, 1026.50

resistance - 1050.00, 1059.00

December Corn marked it's low 1 tick above the 401.00 support number, then rallied almost 7.00 cents from the low to the high. Corn also printed a new high price for the move, eclipsing Friday's high.

support - 404.50, 401.00

resistance - 409.25-411.00, 416.00

September SRW Wheat marked it's low 3 ticks above the 500.00 support point, after selling down about 8.00 cents from the high, which was a couple of cents below resistance, to the low. The trading day is best characterized as a sideways day. Wheat has been trading in a sideways range between about 510.00 and 500.75 for 4 consecutive days.

support - 500.75, 488.00

resistance - 509.00-511.00, 523.50

September HRW Wheat marked it's low 2 ticks above the 500.50 support level, then rallied about 8.25 cents from the low to the high.

support - 502.00-501.00, 469.50

resistance - 509.25, 514.00, 519.00

September Spring Wheat marked it's low 1.25 cents below the 568.00 support number on the open, then rallied 3.50 cents to the high where it traded sideways the remainder of the session.

support - 566.50, 563.50 - August 2024 low

resistance - 574.00, 578.00

Soviet Union cont:

The Soviet Union had a major crop wheat failure in 1972 and no one in the U.S. knew it. The lack of wheat in Russia, excess wheat in the U.S., and no one in the U.S. knowing Russia had a terrible wheat crop led to The Great Grain Robbery.

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