Tech Guy Opening Calls & Comments 12/29/25

Mar Wheat - Steady

Mar Corn - Steady to 0.25 Lower

Mar Bean Oil - 0.01 to 0.02 Lower

Mar Beans - Steady to 0.75 Lower

February Crude Oil marked its high price 30 cents above the stated 58.00 resistance level, after a rally of about 1.40 bucks from the evening opening bell/low price.

support - 57.50-57.305, 56.30

resistance - 58.90-59.15, 59.65

March Soybeans marked the low price 2 ticks above the 1062.50 support number, after selling off about 14.50 cents from the open/low price print.

support - 1062.50-1060.75, 1057.00, 1047.50

resistance - 1069.50, 1077.50

March Corn marked it's low at old support of 442.50, after selling down about 9.00 cents from the open/high price. Corn did find support 2 ticks above the 446.00 support number the last 2 hours of the overnight session, then the bears washed out the 446.00-445.00 support line in the morning of the pit trading session.

support - 441.25-440.25, 437.00-435.50

resistance - 447.50, 452.00

March SRW Wheat marked its low price 1.50 cents below the 513.50 support point, after a sell off of about 9.00 cents from the evening opening/high print.

support - 511.50, 505.00

resistance - 518.25, 522.00, 525.00

March HRW Wheat sold down 6.00 cents for the trading session, eclipsing support by about a nickel.

support - 522.00-521.00, 513.50

resistance - 530.50, 535.00, 540.00

March Spring Wheat marked the low print 3 ticks above the 576.00 bracket support number, then rallied about 5 cents to the high price which occurred about noontime. After the high was in place, the bears took price back down to close to 78% retracement of the entire up move.

support - 576.00, 573.00

resistance - 583.00, 588.00-590.00

History of Wheat:

Russia is the world's leading exporter of wheat. About 70% of its wheat is winter wheat and 30% is spring wheat. Western Russia and Ukraine produced so much wheat before 1914, that area near the Black Sea was known as the "Bread Basket of the World." World War I ended crop production in the Black Sea area. The Great Plains of the U.S. were plowed-up to feed the world during the war.

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