Tech Guy Opening Calls & Comments 1/5/26

Mar Wheat - 0.50 Higher

Mar Corn - 0.50 to 1.00 Lower

Mar Bean Oil - 0.02 Lower

Mar Beans - Steady to 1.00 Lower

February Crude Oil marked its Low price 14 cents below the 56.45 support level in overnight trade, then rallied about 2.20 bucks into the afternoon.

support - 57.50, 56.30

resistance - 58.90, 59.65, 60.30

March Soybeans marked the high price 2.50 cents above the 1060.50 resistance number, after a rally of about 18.00 cents from the opening/low print.

support - 1052.25, 1044.50

resistance - 1068.50, 1078.00

March Corn marked its low price 3 ticks above the 435.50 support bracket, then rallied about 9.25 cents to the high price print which occurred near the session closing about 2.50 cents above resistance.

support - 442.00, 440.00-439.00

resistance - 447.50, 452.00

March SRW Wheat marked its low print 1.75 cents above the 504.00 support point, then rallied about 9.00 cents to the first set of resistance bracket numbers (513.00-515.50).

support - 506.50, 501.00

resistance - 515.50, 521.50

March HRW Wheat marked the high price 1.00 cent beyond the 521.00 resistance level, after rallying almost a dime from the open/low print.

support - 516.00-515.00, 510.50

resistance - 528.00-529.50, 536.00

March Spring Wheat marked its high price 1.50 cents above the 576.00 resistance number then sold down about 7.00 cents to the low print, which occurred near the end of the trading session.

support - 568.00, 560.00

resistance - 577.50, 582.00-583.00

St Lawrence Seaway:

The St. Lawrence Seaway System was built in the 1950’s because of President Eisenhower’s efforts to expand North America’s market access to the world. It is a 2312 miles (3,700 km) “marine highway” that extends from the Atlantic Ocean to the Great Lakes. Grain movements from the Great Lakes through the St. Lawrence Seaway System increased 12.5% in 2024 to 11.8 million mts from 2023.

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