Tech Guy Opening Calls & Comments 9/9/25

Dec Wheat - Steady

Dec Corn - 0.50 Lower

Dec Bean Oil - 0.41 Higher!

Nov Beans - 0.25 Lower

October Crude Oil marked it's high price 17 cents above the 63.50 resistance level, after rallying about 1.30 Dollars from the low to the high price print.

support - 61.95, 61.35

resistance - 63.70, 64.85

November Soybeans lost 3.25 cents on the day in a small, 7.00 cent trading range, remaining in between both support and resistance.

support - 1023.50-1021.50, 994.00

resistance - 1036.00, 1044.50

December Corn marked it's low price 1 tick below the 419.25 support number, then rose a meager 3.50 cents from the low to the high. These are energy building days.

support - 419.00, 415.00

resistance - 425.00, 430.50

December SRW Wheat marked it's low price 3 ticks above the 518.50 support number, after selling off about 6.00 cents from the high to the low print.

support - 519.00-518.00, 514.50

resistance - 525.00, 530.00

December HRW Wheat marked it's high price 1.00 cent below the 520.00 resistance number, then sold off about a dime to 3 ticks below the 510.00 support number.

support - 505.00, 501.50

resistance - 519.00, 527.50

December Spring Wheat marked it's low 1.50 cents below the 572.00 support price, after declining 7.25 cents from the high, which was 1.25 cents below the 580.50 resistance level to the low print.

support - 569.50, 564.00

resistance - 580.00, 585.00

China has two classes of soybeans. Number 1 soybeans are soybeans produced in China. Number 2 soybeans are imported soybeans. That is the only difference. When the government offers government owned grain and beans for public auction, the commodities offered for bids are always imported commodities. Auctions are scheduled when domestic prices get high enough that the natives become restless. Auctioned supplies are always replaced with more imports.

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