Tech Guy Opening Calls & Comments 11/12/25

Dec Wheat - Steady

Dec Corn - 0.25 Higher to 0.25 Lower

Dec Bean Oil - 0.05 Lower

Jan Beans - Steady to 1.50 Lower

January Crude Oil was down 2.59 to 58.45 at the time of this writing, and took out both levels of nearby support.

support - 57.90, 57.30, 56.35

resistance - 59.40, 60.70

January Soybeans marked its high price 2.50 cents above the 1132.00 resistance level, after rallying about 12.50 cents from the morning low to the afternoon high near the close of the session.

support - 1129.50, 1124.00

resistance - 1135.00-1137.00 - breakout, 1155.00 - gap closure

December Corn marked its high price on the higher stated resistance of 436.00, after moving up about 5.00 cents from the morning low to the high price print.

support - 433.25-431.00, 428.50

resistance - 437.50 - breakout, 444.00

December SRW Wheat marked its low price 1.50 cents above the 526.00 support number, then rallied about 9.00 cents from the low to the high price, which was a couple of cents shy of resistance.

support - 532.50, 527.50

resistance - 539.50 - breakout, 554.00

December HRW Wheat marked its low price 1.25 cents below the 517.50 support number, then rallied about 11.00 cents from the low to the high print.

support - 522.50, 516.00

resistance - 533.00, 540.00

December Spring Wheat marked its low price 2 ticks above the 565.00 support level, then rallied about 7.00 cents to 2 ticks above the 572.00 stated resistance number.

support - 565.00, 561.50

resistance - 578.50, 583.50

Pricing:

When pricing new crop corn and beans during the growing season, you should always sell 100% of the bushels in the December corn or the November soybean contracts because as the new crop gets made, those contracts will go down more than the deferred contracts.

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