Tech Guy Opening Calls & Comments 1/12/26

March Wheat - 0.75 to 1.00 Higher

March Corn - 0.50 Higher to 0.50 Lower

March Bean Oil - 0.15 Higher

March Beans - Steady to 1.00 Higher

February Crude Oil marked its high price 16 cents above the 59.75 resistance level, after rallying about 1.40 bucks from the early morning low price print.

support - 58.45, 58.00, 57.60

resistance - 60.50, 61.30

March Soybeans marked the high price 3 ticks above the 1070.50 resistance number, then sold off about 23.00 cents into the noon hour, slashing nearby support numbers.

support - 1043.00, 1037.00

resistance - 1055.00, 1071.50

March Corn marked its high price 3 ticks beyond the 448.00 resistance point, then sold down about 28.50 cents, also falling to old support levels.

support - 418.50-416.50, 411.00

resistance - 430.50, 449.00

March SRW Wheat marked its low price 2.00 cents below the 509.00 support number, after a sell off of about 22.00 cents from the morning high print.

support - 506.50, 501.25

resistance - 528.00, 535.00

March HRW Wheat marked the low price 1.50 cents above the 520.00 support level, after selling off about 23.50 cents from the high print.

support - 521.00-520.00, 515.00

resistance - 545.00, 550.00

March Spring Wheat marked its low price 2 ticks below the 566.00 support node, after moving down about 9.75 cents from the morning high price print.

support - 565.00, 561.00

resistance - 568.50, 575.50

Brazil Weather:

Brazil’s main crop growing area has a rainy season from October to April and dry season May to September. During the rainy season, rain will fall 6 to 8 days out of every 10 days. Rain and showers 10 consecutive days is not uncommon. The combines have a roof over the hoppers and the moisture content of the soybeans are usually 16% and the beans are dried using wood for fuel to make the heat.

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