Tech Guy Opening Calls 1/4/26

Mar Wheat - Steady to 0.50 Higher

Mar Corn - Steady to 1.00 Lower

Mar Bean Oil - 0.05 Higher

Mar Beans - 0.75 Higher to 0.75 Lower

Crude price - 57.43, up 0.11

S&P price - 6906.50, up 6.00

Soybeans:

China has two classes of soybeans. Number 1 soybeans are soybeans produced in China. Number 2 soybeans are imported soybeans. That is the only difference. When the government offers government owned grain and beans for public auction, the commodities offered for bids are always imported commodities. Auctions are scheduled when domestic prices get high enough that the natives become restless. Auctioned supplies are always replaced with more imports.

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