Tech Guy Opening Calls & Comments 12/23/25

Mar Wheat - 1.50 Higher

Mar Corn - Steady to 1.00 Lower

Mar Bean Oil - 0.09 Higher

Jan Beans - 0.50 Higher to 0.50 Lower

Roll to Mar Beans on Friday - Options expiry

February Crude Oil marked its high price 31 cents past the 58.20 resistance level, after rallying about 80 cents from the low price print. The odds are better for crude to make it up to the next resistance node at 59.05.

support - 57.75, 56.90

resistance - 59.05-59.15, 59.65, 60.30

January Soybeans marked the low print 1 tick below the 1050.00 support number, after moving down about 8.00 cents from the morning high price.

support - 1047.00, 1044.50, 1042.00

resistance - 1058.00, 1062.00, 1068.00

March Corn marked its high price at the stated 449.00 resistance point, after a rally of almost 3.00 cents from the open/low price. After the high was printed, corn moved back down near the low.

support - 446.25-445.00, 442.50

resistance - 449.00, 452.25

March SRW Wheat marked its low price 3 ticks above the 513.00 support level, then rallied about a nickel, testing yesterday's high.

support - 513.75, 511.50-510.50

resistance - 520.00-522.50, 527.50

March HRW Wheat marked its high price 1 tick below the 530.00 upper bracket resistance number, after rallying about 9.50 cents from the evening low print near the session opening. Hard wheat has traded 5 full Elliot waves up since the low on December 17th, therefore a correction/backfill from today is a possibility - be on the lookout.

support - 522.00-520.25, 515.00

resistance - 530.00, 533.00, 537.00

March Spring Wheat marked its low price 1.00 cent above the 575.00 bracket support number, then rallied about 4.50 cents, testing yesterday's high print. This instrument continues to build energy probably for an up move because the bears could only take it below yesterday's low price by 1 tick, then the buyers came in. It will be difficult to know for sure until you see spring wheat break 1 way or the other from this 4.25 cent range.

support - 578.00-576.00, 572.50

resistance - 583.00, 588.00-590.00

Barley:

Barley was the first grain to be domesticated more than 10,000 years ago in Mesopotamia and Egypt. It became the staple crop for ancient civilizations.

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