Tech Guy Opening Calls & Comments 8/19/25

Sep Wheat - 0.75 Lower

Dec Corn - 0.25 to 0.75 Lower

Dec Bean Oil - 0.01 Higher

Nov Beans - Steady to 1.00 Lower

September Crude Oil marked it's low 20 cents above the 61.45 support level, after selling off about 1.05 Dollars from the high to the low.

support - 61.60-61.45, 59.80

resistance - 63.00, 64.20

November Soybeans marked the low almost exactly in between the 2 stated support prices that were 7.50 cents apart, while losing 8.00 cents for the trading session, closing at 1033.25.

support - 1030.00, 1025.00-1022.50

resistance - 1049.50, 1059.00

December Corn marked it's low 2 ticks above the 401.00 support number, then rallied about 4.50 cents from the low to the high.

support - 401.00, 398.50

resistance - 408.00, 411.00

September SRW Wheat marked it's low 3.25 cents below the 500.75 support level, breaking down out of the sideways channel. Unless the selling is a trap, more selling should follow. A close tomorrow above 502.00 will be a reversal higher.

support - 488.00, 475.00 - from weekly chart

resistance - 502.00, 509.00

September HRW Wheat marked it's low 2.25 cents below the 501.00 support point, after selling off about 7.25 cents from the high to the low.

support - 469.50, 461.00

resistance - 503.00, 509.50

September Spring Wheat marked it's low 1.00 cent below the 566.50 support number, then rallied 4.75 cents from the low to the high. Price made a new low for the move then matched yesterday's high price, but could not close above the high. It may be a buying signal, but we will need the fund bulls to follow through tomorrow.

support - 565.50, 563.50

resistance - 574.00, 584.00

WASDE:

The World Agricultural Supply and Demand Estimates (WASDE) board was formed in 1973 as a joint effort of the National Weather Service, World Agricultural Outlook Board (WAOB) and the USDA because of the Great Grain Robbery of 1972. The CIA was tasked with collecting crop information on countries around the world and reporting that information to the World Agricultural Outlook Board

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