Tech Guy Opening Calls & Comments with Price Targets 10/28/25

Dec Wheat - 1.00 Higher

Dec Corn - 0.75 Lower

Dec Bean Oil - Steady

Jan Beans - 2.25 Lower

December Crude Oil marked its low price 11 cents above the 59.65 support level, after selling off about 1.75 Dollars from the open/high to the low price print later in the session.

support - 59.65, 58.35

resistance - 60.80, 61.40

January Soybeans marked the low price 2.00 cents above the 1081.00 support number, then rallied about 26.00 cents to the high, which fell in between the 2 resistance numbers. After the high was marked, beans sold off to the 1090.00 node which had flipped from resistance to support.

support - 1088.50, 1082.50, 1070.00 - top of gap, gap target = 1114.00

resistance - 1108.00, 1115.00, 1129.00

December Corn marked its low price 1.25 cents above the 426.00 support level, then rallied about 9.00 cents from the low to the high. Gap target = 445.50

support - 428.00, 426.00

resistance - 436.50, 442.00

December SRW Wheat marked its high price at the upper bracket resistance number of 535.00, then sold off about a dime from the high to the low print.

support - 524.50, 521.50, 516.50 - top of gap, gap target = 540.50

resistance - 535.00, 540.00

December HRW Wheat marked its high price 2 ticks above the 524.50 upper bracket resistance number, then sold off about a dime, to 1.25 cents below the 516.50 support number. Gap target = 532.50

support - 515.00, 512.50, 510.00

resistance - 525.00-528.00, 538.00

December Spring Wheat marked its high price 2.75 cents above the 567.00 resistance number, then fell almost a dime from the high to the low print.

support - 559.00, 555.00

resistance - 570.00-572.00, 578.50

Canola:

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.

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