Tech Guy Opening Calls & Comments 9/4/25

Dec Wheat - 0.50 Higher

Dec Corn - Steady to 0.25 Higher

Dec Bean Oil - 0.05 Higher

Nov Beans - Steady to 0.25 Lower

October Crude Oil marked it's low 18 cents beneath the 62.90 support level, after selling off about 3 bucks from the high to the low.

support - 62.70, 61.60

resistance - 64.85, 65.80

November Soybeans marked the low 5.00 cents below the 1026.50 support price, after selling off about 12.50 cents from the high to the low.

support - 1024.00, 1021.50

resistance - 1035.00, 1045.00

December Corn marked it's low 1 tick above the 414.00 support number, then rallied about 6.00 cents from low to high.

support - 417.00, 414.00

resistance - 424.00, 430.00

December SRW Wheat marked it's low price 2.50 cents below the 517.00 support level, after selling down about 8.00 cents from the open/high to the low print.

support - 514.50, 511.00

resistance - 524.00, 530.00

December HRW Wheat marked it's low price 2.25 cents below the 504.00 support number, then rallied about 6.00 cents from the low to the high.

support - 501.50, 496.50

resistance - 512.00, 516.00

December Spring Wheat marked it's low directly in between the 2 stated support prices that were 2.00 cents apart, after selling off 6.00 cents from high to low.

support - 568.00, 563.00

resistance - 575.00, 584.00

Wheat:

Russia is the world's leading exporter of wheat. About 70% of its wheat is winter wheat and 30% is spring wheat. Western Russia and Ukraine produced so much wheat before 1914, that area near the Black Sea was known as the "Bread Basket of the World." World War I ended crop production in the Black Sea area. The Great Plains of the U.S. were plowed-up to feed the world during the war.

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