Tech Guy Opening Calls & Comments 9/8/25

Dec Wheat - 0.25 to 1.25 Higher

Dec Corn - Steady to 1.50 Lower

Dec Bean Oil - Steady

Nov Beans - Steady to 1.00 Lower

October Crude Oil marked it's high 36 cents below the 63.70 resistance level, after rallying about 1.50 bucks from the low to the high.

support - 61.95, 61.45

resistance - 63.40-63.50, 63.85

November Soybeans marked the low 2.00 cents below the 1025.50 support price, then rallied about 11.50 cents from the low to the high.

support - 1023.50-1021.50, 994.00

resistance - 1039.50, 1048.00

December Corn marked it's low 1.00 cent above the 414.00 support number, then rallied about 7.25 cents from the low to the high.

support - 419.25-418.50, 415.00

resistance - 425.00, 430.00

December SRW Wheat marked it's low 1.75 cents below the 518.00 support point, then rallied about 8.50 cents from the low to the high.

support - 518.50, 514.50

resistance - 530.00, 535.00

December HRW Wheat marked it's low 1.50 cents below the 504.00 support number, then rallied about 16.50 cents to above resistance, with the close 1.50 cents above the 515.50 resistance price. This is bullish.

support - 513.50, 510.00

resistance - 520.00, 527.50

December Spring Wheat marked it's low 2.00 cents above the 563.00 support price, then rallied 15.25 cents from the low to the high, falling 3.50 cents shy of the 583.50 resistance.

support - 573.500, 569.00

resistance - 580.50, 584.00

SRW and Spring wheat both traded with definitive fund buying that makes the probability for solid lows being in place, quite high. SRW wheat not as much.

Hogs:

By far, China has more hogs than any country in the world with about 52 million head of sows producing about 735 million pigs a year. The USA has the second most sows with about 22 million head.

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