Tech Guy Opening Calls & Comments 1/6/26

Mar Wheat - Steady

Mar Corn - 1.00 Higher to 1.00 Lower

Mar Bean Oil - Steady to 0.01 Lower

Mar Beans - Steady to 0.50 Lower

February Crude Oil marked its high price just 3 ticks shy of the 58.90 resistance level, then sold off about 2.05 bucks, to in between the 2 stated support numbers.

support - 56.30, 56.00, 55.60

resistance - 57.70, 58.45

March Soybeans marked the high price 1 tick above the 1068.50 resistance number, then proceeded to sell down about 13.00 cents to a few cents above the 1052.25 support level.

support - 1052.00-1049.50, 1044.00, 1038.00 - the last swing low.

resistance - 1068.00, 1077.75

March Corn marked its high price 2 ticks shy of the 447.50 resistance number, then sold off about 3.50 cents stopping 1.00 cent short of the 442.00 support node.

support - 443.50 - triple low/breakdown level, 440.00, 436.25 - last swing low

resistance - 447.00-447.75, 453.00

March SRW Wheat marked its high price 2 ticks below the 515.50 resistance level, then moved down about 5.00 cents to several cents above support.

support - 506.75, 501.50

resistance - 515.50-517.00, 521.00, 525.00

March HRW Wheat marked the high price 1.00 cent below the 528.00 bracket resistance point, after a rally of about 8.50 cents from the low, remaining above support.

support - 518.50, 515.00, 508.25 - swing low

resistance - 528.00-529.75, 536.00 - swing high

March Spring Wheat marked its low price 1.00 cent below the 568.00 support number, then sold off about 6.00 cents from below resistance.

support - 563.00-562.00, 547.00

resistance - 573.00, 577.50

St. Lawrence Seaway Details:

The U.S. and Canadian grain shipped through the St. Lawrence Seaway includes wheat, corn, soybeans, barley, oats, and flaxseed. Agricultural products made up 32% of the total 2024 Seaway cargo, which reached 37 million mts. The number of cargo vessels using the Seaway increased by 17 vessels in 2024 to 3,952 in 2024.

For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/