Tech Guy Opening Calls & Comments 8/25/64

Dec Wheat - 0.25 Lower

Dec Corn - 0.50 Higher to 0.50 Lower

Dec Bean Oil - 0.04 Lower

Nov Beans - 0.25 Higher tp 0.75 Lower

October Crude Oil marked it's high print 10 cents above the 65.00 resistance level, after rallying about 1.60 from near the open/low to the high.

support - 63.55, 62.50

resistance - 65.10, 65.65, 66.75

November Soybeans marked the low in between the 1040.00 and 1052.50 support prices, after selling off about 17.50 cents from high to low and losing 10.75 cents for the trading session.

support - 1039.50, 1031.00

resistance - 1063.50, 1082.00

December Corn marked it's high 2 ticks above the 416.00 resistance number, then sold off about a nickel from the high print to the session low.

support - 409.00, 404.50

resistance - 416.50, 423.00

September SRW Wheat marked it's high 3 ticks above the 511.50 resistance point, then sold off about 6.50 cents from the high to the low.

Dec support - 528.00, 525.00

Dec resistance - 535.50, 543.00

September HRW Wheat marked it's low 1 tick below the 496.00 support level, after selling off about 8.00 cents from the high to the low.

Dec support - 519.00-518.00, 505.50

Dec resistance - 528.00, 531.00

September Spring Wheat marked it's low at the stated 468.00 support price, then rallied 6.25 cents to the high, which was 1.50 cents below the first resistance number.

Dec support - 592.00, 589.00

Dec resistance - 598.00, 602.00

Wheat:

At 770 million tons, wheat is the world’s fifth largest agricultural product. Wheat is a foundational crop in human history, dating back to the first agricultural operations in Mesopotamia. Today, wheat is grown on every continent except Antarctica, with Russia, China, and India as leading producers. Wheat fields, characterized by golden stalks swaying in the wind, symbolize abundance and sustenance.

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