Tech Guy Opening Calls & Commentary 12/1/25

Mar Wheat - Steady to 0.25 Lower

Mar Corn - Steady to 1.00 Lower

Mar Bean Oil - 0.09 Higher

Jan Beans - Steady to 0.75 Lower

January Crude Oil marked its high price 13 cents below the 60.10 resistance level, then sold off about 1.15 bucks from the high to the low price print. Crude, at the time of this writing, is closing about 90 cents in the positive today, and remains above support.

support - 58.85, 58.25, 57.95

resistance - 60.00-60.10, 60.50

January Soybeans marked the low price 1.00 cent below the 1128.00 support number, after selling off about 15.00 cents from the open/high price to the low print near the close.

support - 1123.00, 1117.00

resistance - 1137.00, 1143.00 A breakout of both support or resistance numbers would likely constitute a breakout.

March Corn marked its low price 2 ticks above the 443.50 support number, after selling down about 4.50 cents from the morning high print.

support - 443.50, 439.00

resistance - 449.00-451.00, 464.50

March Wheat marked its low price 2 ticks above the 532.00 support level, after selling off about a dime from the open/high price.

support - 532.00, 526.50

resistance - 540.00-542.00, 545.00, 550.00 - bumpy chart

March HRW Wheat marked its low price 1 tick below the 523.00 support number, after selling off about 11.00 cents from the open/high.

support - 522.50-520.25, 513.00 - gap closure

resistance - 533.50-535.00, 540.00, 550.00

March Spring Wheat marked the low print 2 ticks above the 573.50 support spot, then rallied about 9.50 cents to the high print.

support - 574.00, 571.50

resistance - 583.00, 588.00

Lincoln:

President Abraham Lincoln created the USDA on 15 May 1862 to support farmers who were growing the food to feed the civilians and the soldiers fighting to save the Union. Lincoln believed that agriculture was vital to a stable society, and he wanted to show the nation’s gratitude to the nation’s farmers with research and development of farm equipment and the best varieties for crop production through a structure for agricultural production education. Since more than half of America’s population were farmers, Lincoln called the USDA The People’s Department.

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