Tech Guy Opening Calls & Comments 12/16/25

Mar Wheat - Steady

Mar Corn - Steady to 0.50 Lower

Mar Bean Oil - Steady to 0.04 Higher

Jan Beans - Steady to 0.75 Lower

February Crude Oil accelerated to the downside, and is targeting an old low/support price at 54.70. The move today was down over 1.50 bucks from last night's high to near the pit time closure.

support - 54.70, 51.64 - weekly support

resistance - 55.50, 55.90, 56.40

January Soybeans marked the low price 2.50 cents below the 1062.00 stated support level, after selling off about 16.75 cents from the overnight high price print.

support - 1058.25, 1046.00

resistance - 1078.00, 1095.00

March Corn marked its low price 1.00 cent above the 434.50 lower stated support number, after moving down about 4.50 cents from the early morning high print.

support - 433.00-432.50, 431.25

resistance - 440.00-441.25, 446.50-447.00

March SRW Wheat marked its low 2.00 cents below the 509.50 support number, after the bears hit it pretty hard and sold off 11.75 cents on the trading session.

support - 502.50, 498.00

resistance - 513.50, 520.00

March HRW Wheat marked its low print 1.25 cents above the 503.25 support point, after selling off about 10.25 cents from the open/high price.

support - 502.50, 498.00, 488.75

resistance - 508.00, 512.00, 515.00

March Spring Wheat marked its low price 3 ticks below the 565.00 support node, after selling down about 6.00 cents from the high. The volume on the daytime opening bar was huge compared to the last several days, indicating capitulation. The bulls are exerting some control. Be cautious if selling. However, if the bears continue to succeed, target the 542.50 weekly swing low.

support - 563.00, 542.50

resistance - 570.00-572.00, 576.00

Cattle:

Cattle are the world’s third largest agricultural product. With one billion head. Cattle farming, supporting both beef and dairy industries, is a cornerstone of global agriculture. Only ruminants can produce high quality protein on land that is unable to grow any edible other crops. The United States, Brazil, and India are leaders in cattle populations.

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