Tech Guy Opening Calls & Comments 8/5/25

Sep Wheat - 0.25 Lower

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.02 Higher

Nov Beans - 0.75 Lower

September Crude Oil marked it's low 3 ticks from reaching the 65.00 support level, after selling off almost 1.40 bucks from the overnight high to the low print later in the trading session. I am leaning towards lower prices still.

support - 65.00, 64.00

resistance - 66.40, 67.05

November Soybeans marked the high 1.25 cents above the 1001.00 resistance number, then sold off about 12.00 cents to just above the 989.00 support price.

support - 989.00, 985.00, 971.50

resistance - 996.00, 1002.50

December Corn gapped down last night and sold off about a nickel to 1.50 cents above the 399.00 support number.

support - 399.00, 396.50

resistance - 407.00, 412.50

September SRW Wheat marked it's low 3.50 cents below the 510.50 support level, after selling off about 10.50 cents from the high to the low.

support - 506.00, 501.00

resistance - 517.50, 524.00

September HRW Wheat sliced through support prices to end the day down 12.75 cents to 504.25. There is a low print from last May at 500.25. Below this, we have to go back almost 5 years to find price on the chart.

support - 500.00, 470.00

resistance - 516.00, 524.00

September Spring Wheat marked it's low 2 ticks above the 569.00 support price, after selling off about 6.50 cents from the high to the low.

support - 569.00, 563.50

resistance - 578.00, 585.00

Ford:

Henry Ford was born in 1863 and grew up on a farm in Southern Michigan. He worked hard with his parents in the hot sun and cold winters for little gain. He vowed some day he would do what he could to make farming more profitable. In 1928, Henry had the money and the time to begin his “farm work.” He wanted to find a way to grow something on farms that could be used in manufacturing as well as food. After extensive research to find a crop that would benefit farmers the most, he chose soybeans.

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/