Tech Guy Opening Calls & Comments 8/21/25

Sep Wheat - Steady

Dec Corn - 1.00 Higher

Dec Bean Oil - 0.08 to 0.10 Higher

Nov Beans - 2.00 Lower

October Crude Oil marked it's high at 63.67, in between the 2 stated resistance levels. The trading range was about 1.15 from high to low.

support - 63.25, 62.50

resistance - 64.20, 65.10

November Soybeans marked the low 3 ticks below the 1033.00 support price, then rallied about 24.00 cents from low to high, with the high print falling in between the stated resistance numbers.

support - 1048.50, 1041.50

resistance - 1059.00, 1081.00

December Corn marked it's high 2.75 cents above the 411.00 resistance level, after rallying about 10.50 cents from the high to the low. The close above the 411.00 mark is bullish.

support - 411.00, 408.00

resistance - 416.50, 423.50

September SRW Wheat marked it's low 3 ticks above the 501.25 support point, after selling off about 9.50 cents from the high to the low. The high print was just above the breakout level, but it's not uncommon for financial instruments to straddle a breakout level for a few day's before continuing in the new direction.

support - 502.00, 498.50

resistance - 512.00, 524.00

September HRW Wheat marked it's low 2 ticks above the 498.00 support number, then rallied as much as about 7.50 cents from the low to the high.

support - 498.50-498.00, 496.00

resistance - 507.00-509.00, 514.00 - The left side of the chart has many bumps close together, therefore the rally will have many small backfills.

September Spring Wheat marked it's low 1 cents below the 569.00 support price, then rallied 6.00 cents, past resistance, and then sold off to settle close to the lows.

support - 568.00, 565.50

resistance - 576.00, 578.50

Corn:

At 1.2 billion tons, maize (corn) is the world’s second largest agricultural product and one of the most versatile crops, used for food, feed, and industrial applications. The U.S.s dominates maize production, contributing ly 40% of the global total, followed by China and Brazil.

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/