Tech Guy Opening Calls & Comments 9/2/25

Dec Wheat - 0.25 Higher to 0.75 Lower

Dec Corn - 0.25 Higher to 0.75 Lower

Dec Bean Oil - 0.18 Lower

Nov Beans - Steady to 1.00 Lower

October Crude Oil traded up through the 64.70 resistance level in after hours trading yesterday, then rallied all the way to 66.03 for a high, then found support around 64.50 today. This is an example of a resistance area becoming support - close enough.

support - 64.50, 63.60

resistance - 66.00, 67.00

November Soybeans marked the low 1.25 cents below the 1037.50 support price, after selling off about 16.50 cents from the high to the low.

support - 1037.50, 1032.00

resistance - 1048.00, 1055.00

December Corn marked it's high 2 ticks above the 423.00 resistance number, after rallying about 9.50 cents from the low to the high.

support - 417.00, 410.00

resistance - 430.00, 434.75

December SRW Wheat marked it's low 2.25 cents above the 520.00 support number, but only lost 5.75 cents on the day, closing at 528.50.

support - 523.00, 520.00

resistance - 533.00-535.00, 540.00

December HRW Wheat marked it's low 1.50 cents above the 506.00 support level, after selling off about a dime from the open/high price to the low print, later in the session.

support - 507.50-506.50, 503.50

resistance - 516.00, 518.50-520.00

December Spring Wheat marked it's low 2.75 cents below the stated 572.00 support price and closer to the old 568.00 level, but then rebounded to only lose 5.75 cents (above 572.00) for the trade session.

support - 572.00, 568.00

resistance - 583.50, 592.50

The canola market is unlike any other market in that Canada and the EU produce about half of the world's canola. Canada exports most of its canola or canola oil while the EU exports very little. China is the world's third largest producer of canola, uses all of it and imports canola primarily from Canada if politics do not get in the way.

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/