Tech Guy Opening Calls & Comments 11/5/25

Dec Wheat - 0.75 Lower

Dec Corn - Steady to 1.00 Lower

Dec Bean Oil - 0.06 Higher

Jan Beans - Steady to 0.50 Lower

December Crude Oil marked its low price 38 cents below the 59.95 support level, after selling off about 1.40 bucks from the high to the low price print.

support - 59.50, 58.80

resistance - 60.85-61.10, 61.50

January Soybeans marked the high price 2.00 cents beyond the 1135.00 resistance number, after rallying about 21.00 cents from last night's open/low to the high print.

support - 1121.50, 1112.00

resistance - 1137.00, 1155.00

December Corn marked its low price 1 tick below the 429.00 support number, then rallied about 7.00 cents from the low to the high price print.

support - 431.00, 428.00

resistance - 436.00-437.00, 442.50

December SRW Wheat marked its high price 2.00 cents above the 553.00 resistance number, after rallying about 9.00 cents from the low near the open to the afternoon high.

support - 550.00, 540.00

resistance - 558.00, 570.00, 586.00

December HRW Wheat marked the high price 2.00 cents above the 538.00 resistance level, after rallying about 8.50 cents from the low to the high price print.

support - 536.00, 532.00

resistance - 550.00, 581.50

December Spring Wheat marked its low price 3 ticks below the 555.00 support number. Trade was very quiet as the total range was only 3.75 cents on the day.

support - 554.00, 550.00

resistance - 562.00, 570.00

World Market Access:

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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