Tech Guy Weekend Comments 10/5/25

November Crude Oil traded an inside day, which means the high and low were within the previous day's high and low. Crude also traded above support and below resistance.

support - 60.50-60.40, 59.75

resistance - 61.85, 62.60

November Soybeans marked the low price 1.50 cents above the 1015.00 support level, after selling off about 12.50 cents from the high to the low price print.

support - 1015.50, 1010.50

resistance - 1029.00, 1048.00

December Corn marked its low 1.00 cent below the 419.50 support price, after selling off about 4.50 cents from the high to the low print.

support - 417.50, 414.50

resistance - 423.00, 426.00

December SRW Wheat marked its low 3 ticks above the 512.00 support number, then rallied about 6.00 cents from the low to the high price.

support - 512.50, 508.00

resistance - 518.50-520.00, 523.00

December HRW Wheat marked its low 1.25 cents above the 594.50 support level, after selling off about 6.00 cents from the high to the low price.

support - 494.50, 488.00

resistance - 501.50, 509.00

December Spring Wheat traded in between both support and resistance numbers by about 1.00-1.50 cents on either side. The range was 5.25 cents.

support - 558.00, 555.00

resistance - 565.50, 572.00

Ford, part 2

Henry searched the world for the best agronomists to develop soybean varieties and the best growing procedures. He recruited the best oil seed scientists to develop new uses for soybeans. By 1932, Henry Ford was the world’s “go to guy” for anyone seeking information about growing and using soybeans! He perfected the manufacture of making plastic from soybean meal and used dozens of soybean plastic parts in his cars. It was estimated that each soybean plastic part used required 7,200 acres of soybeans. Read more at: https://www.soyinfocenter.com/HSS/henry_ford_and_employees.php

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