Tech Guy Opening Calls & Comments 12/2/25

Mar Wheat - Steady

Mar Corn - Steady to 1.00 Lower

Mar Bean Oil - 0.03 Lower

Jan Beans - Steady to 1.25 Lower

January Crude Oil marked its low price 3 ticks above the 58.25 support level, after selling off about 1.40 Dollars from the early evening high price print.

support - 58.27, 57.65

resistance - 59.16, 60.00-60.10

January Soybeans marked the low price 1 tick above the 1123.00 support number, after selling down about 12.50 cents from the early morning high print.

support - 1123.00, 1117.00

resistance - 1136.00, 1142.50

March Corn marked its low price 1.25 cents below the 443.50 support level, then rallied about a dime from the 8:30 open to the high print, which was 1.25 cents above the 451.00 bracket resistance. Today's trading action was an upside breakout from the up channel. In other words, this is buying acceleration.

support - 447.50, 442.00

resistance - 463.00-464.50, 477.00

March SRW Wheat marked its high price 2 ticks beneath the 545.00 resistance number, after rallying about 14.50 cents from between the 2 stated support prices.

support - 536.00, 529.50

resistance - 550.00, 557.50, 569.00

March HRW Wheat marked its low price 1 tick below the 520.25 bracket support number, then rallied about 16.25 cents, to 1.25 cents above the stated 535.00 bracket resistance spot.

support - 526.75, 520.00

resistance - 540.00, 550.00

March Spring Wheat marked the low price 1.00 cent above the 574.00 support number, then moved up about 6.75 cents to the daily high print.

support - 575.75, 573.00

resistance - 583.50, 588.00

The Morrill Act of 1862 was signed into law by President Lincoln on 2 July 1862. It granted each state 30,000 acres blocks of federal land for each of its electoral votes. States were to sell this land to raise money to fund colleges that would focus on teaching agriculture and mechanical developments. These colleges became known as “Land Grant” colleges. These schools were also required to teach military tactics, which were designated as the Reserve Officer Training Corps (ROTC) in 1916.

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