Tech Guy Weekend Comments 8/23/25

October Crude Oil continued it's creep higher with a very narrow range trading day, marking the high 27 cents beneath the 64.20 resistance level, after only rallying about 60 cents from low to high.

support - 63.35, 62.50

resistance - 64.20, 65.00

November Soybeans marked the high 3.75 cents above the 1059.00 resistance price, after rallying almost 11.00 cents from the low to the high.

support - 1052.50, 1040.00

resistance - 1080.00-1082.00 - breakout, 1134.00

December Corn marked it's low in between the 2 stated support numbers of 411.00 and 408.00, in a small range consolidation price bar.

support - 409.00, 405.00

resistance - 416.00, 420.00

September SRW Wheat marked it's low 1.50 cents above the 502.00 support level, after selling down about 6.50 cents from the high to the low print.

support - 503.00-502.00, 498.50

resistance - 511.50, 523.50

September HRW Wheat marked it's low 1.25 cents below the 498.00 support price, after selling off about 9.00 cents from the high to the low.

support - 496.00, 469.50

resistance - 504.00-506.00, 510.00

September Spring Wheat marked it's low at the stated 468.00 support number, after trading in a very small range day of only 4.25 cents. Spring wheat is building energy for a move, having several days of small ranges, lately.

support - 468.00, 465.00

resistance - 476.00, 484.00

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 which is unable to grow any other edible crops. The United States, Brazil, and India are leaders in cattle populations.

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