Tech Guy Opening Calls & Comments 12/3/25

Mar Wheat - Steady

Mar Corn - 0.50 Lower

Mar Bean Oil - 0.04 Higher

Jan Beans - Steady to 1.00 Lower

January Crude Oil marked its low price 10 cents above the 58.27 support level, then rallied about 1.27 bucks without hitting resistance.

support - 58.37, 57.65

resistance - 59.65, 60.00-60.10

January Soybeans marked the low price 1.50 cents below the 1117.00 support number, after selling off about 16.25 cents from the previous night's high print.

support - 1113.00-1110.00, 1103.00

resistance - 1131.00, 1136.00

March Corn marked its low price 3 ticks above the 442.00 support level, after selling down about 7.50 cents form the nighttime high print. Evidently, yesterday's breakout was a fake out/head fake. Traders will engineer price action like this to trap more bulls to fuel the selling, as they have to liquidate.

support - 442.00, 439.50

resistance - 447.50, 450.50

March SRW Wheat marked its low price 5 ticks above the 536.00 support number, after selling off only about 5.50 cents from the high print.

support - 536.50, 529.75

resistance - 545.00, 550.50

March HRW Wheat marked the low price 3 ticks above the 526.75 support number, after moving down about 7.50 cents from the high price.

support - 527.50, 520.00

resistance - 536.50, 540.00, 550.00

March Spring Wheat marked its low price 1 tick below the 576.00 support level, after selling off about 6.25 cents from the high print.

support - 575.00, 571.00

resistance - 583.00, 588.00

Brazilian Grains:

Brazil’s soybean production has doubled in the last 20 years, but its corn production has tripled. Twenty-five years ago, Brazil was a net importer of corn. During the 2023-24 marketing year, for the first time ever, the U.S. was not the world’s leading corn exporter; Brazil was. What made Brazil the world’s number 2 corn producer? Asian Leaf Rust.

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