Tech Guy Weekend Comments 10/18/25

December Crude Oil marked its low price 40 cents below the 56.55 support level, then rallied about 1.15 Dollars from the low to the high price print.

support - 56.70, 56.15, 54.80

resistance - 58.20-58.50, 59.00

November Soybeans marked the low price 2 ticks above the 1010.00 support number, then rallied about 11.25 cents to 1.50 cents above the 1020.00 resistance price print.

support - 1014.50, 1010.50

resistance - 1025.00, 1030.00

December Corn marked its high price 1.25 cents below the 426.00 resistance number, after rallying about 4.00 cents from the low to the high print.

support - 422.00, 420.00

resistance - 428.50, 431.00

December SRW Wheat marked its high price at the 505.00 stated resistance number, after moving up about 4.75 cents from just below the 501.50 support number.

support - 500.00, 495.00

resistance - 510.00, 514.00

December HRW Wheat marked its low price 1.50 cents below the 487.25 support number, or about halfway in between the 2 stated support numbers, then rallied about 6.50 cents from the low to the high print.

support - 490.00, 486.00

resistance - 493.50, 498.50

December Spring Wheat closed 1.50 cents below the 550.00 resistance number and 1.00 cent lower for the day, after failing to mount any kind of rally.

support - 547.50, 542.50

resistance - 553.00-555.00, 565.00

Cattle:

Cattle are the world’s third largest agricultural product. With one billion head, cattle farming, supporting both beef and dairy industries, is a cornerstone of global agriculture. Only ruminants can produce high quality protein on land unable to grow any edible other crops. The United States, Brazil, and India are leaders in cattle populations.

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