Tech Guy Opening Calls & Comments 11/19/25

Dec Wheat - Steady

Dec Corn - 0.25 Higher to 1.00 Lower

Dec Bean Oil - 0.35 Higher

Jan Beans - 1.00 to 1.50 Lower

January Crude Oil sold off about 55 cents below the 59.25 support level, breaking down from the channel.

support - 58.65, 58.15, 57.35

resistance - 60.50, 61.00, 61.50

January Soybeans marked the low price 3 cents above the 1132.00 support number, after selling off about 18.00 cents from the open/high to the low print.

December Corn marked its low price 1.75 cents below the 430.00 support level, after selling down about 6.50 cents from the overnight high.

support - 428.00, 426.00

resistance - 436.00, 438.50

December SRW Wheat marked its low price for the day at 535.00, in between the 2 stated support numbers, after selling off about 15.50 cents from the morning high prices.

support - 530.00, 524.50

resistance - 543.50, 550.50

December HRW Wheat marked its low price 1 cent below the 514.00 support number, after selling off about 14.50 cents from the morning high print.

support - 513.00, 506.00

resistance - 522.50, 529.00

December Spring Wheat marked its low price 1.75 cents above the 576.50 support number, after trading an inside narrow range day with a 6.50 cent range.

support - 577.00, 568.50

resistance - 593.00, 598.00

Oats:

Old timers will tell you, Oats knows! What do oats know? The price outlook of corn! If the price of oats is in an uptrend, corn will soon follow and vice versa. While that may have been true when horsepower came from horses whose primary energy came from oats, it is not something you should bet your farm on these days.

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