Tech Guy Opening Calls & Comments 12/17/25

Mar Wheat - Steady

Mar Corn - 0.25 Higher to 1.00 Lower

Mar Bean Oil - 0.01 Higher

Jan Beans - 0.25 Higher to 0.25 Lower

February Crude Oil marked its high price near the next swing high to the left. The 56.81 high was 8 cents above that next resistance level. Price action was very up and down because of all the swing highs to the left.

support - 55.75-55.60, 54.95 - new lows on the daily chart, beyond this.

resistance - 57.25, 57.65, 58.00

January Soybeans marked the low price in between the 2 stated support numbers or 4.75 cents below the 1058.25 support point, after selling off about 14.00 cents from the overnight high print which occurred shortly after the open.

support - 1053.00, 1044.00

resistance - 1067.50, 1077.00

March Corn marked its high price 1 tick above the 441.25 bracket resistance number, after a rally of about 5.50 cents from the open/low price print.

support - 437.50, 435.00

resistance - 446.50-448.00, 452.00

March SRW Wheat marked its low price 1.50 cents above the 502.50 support level, after moving down about 7.75 cents from the overnight high print.

support - 502.75, 498.00

resistance - 511.50, 520.00

March HRW Wheat marked its low price 2 ticks above the 502.50 support number, then rallied about 6.25 cents to the high which occurred near the pit opening.

support - 505.00, 503.00, 499.00

resistance - 512.00, 514.25-516.00, 520.50

March Spring Wheat marked the low price 1.75 cents below the 563.00 support number, after selling off only 4.75 cents from the high print. Spring wheat has traded 3 days in a row where the open is near the high and the close is very near the low price on the daily chart. The odds favor a more choppy trade or an up correction tomorrow. Also, sometimes markets can drift a bit lower after a selling capitulation happens (yesterday).

support - 550.00, 544.50

resistance - 566.00, 569.00, 572.00

Milk:

At 840 million tons, milk is the world’s fourth largest agricultural product. India leads global milk production, followed by the United States and China.

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