Tech Guy Opening Calls & Comments 8/20/25

Sep Wheat - 0.25 Lower

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.04 Lower

Nov Beans - Steady to 1.00 Lower

For the cattle guys - looking at the weekly chart, Live Cattle is rallying parabolically. The first upside target is about 266.00.

September Crude Oil gained .79 cents on the day, closing at 63.14 and marking the high 1 tick above the 63.00 resistance level, after rallying about 1.35 from low to high.

support - 62.10, 63.40

resistance - 63.25, 64.20

November Soybeans marked the low 1.25 cents above the 1030.00 support price, then rallied about 9.50 cents from the low to the high.

support - 1033.00, 1026.50

resistance - 1048.00-1049.00, 1059.00

December Corn marked the low 1 tick above the 401.00 support number, then rallied about a nickel from the low to the high.

support - 402.50-401.25, 399.00

resistance - 408.00, 411.00

September SRW Wheat marked it's low 6.50 cents above the 488.00 support point, while rallying 7.25 cents on the day, and closing at a price of 505.75.

support - 501.25, 494.50

resistance - 509.00 - breakout higher, 523.00

September HRW Wheat marked a low of 496.00, then rallied about 10.75 cents from the low to the high.

support - 498.00, 496.00, 469.50

resistance - 507.00, 510.00, 514.00

September Spring Wheat marked it's low price 1 tick above the 565.50 support level, then rallied 6.50 cents from the low to the high.

support - 569.00, 565.50

resistance - 574.00, 578.00, 584.00

Sugarcane:

At 4.6 billion tons, sugarcane is the world’s largest agricultural product by volume. Brazil, India, and Thailand lead the globe in sugarcane cultivation, providing raw material for sugar and biofuels.

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