Tech Guy Opening Calls & Comments 12/4/25

Mar Wheat - 0.25 Lower

Mar Corn - Steady to 0.50 Lower

Mar Bean Oil - Steady to 0.06 Higher

Jan Beans - Steady to 1.00 Lower

January Crude Oil marked its high price 2 ticks above the 60.00 bracket resistance level after rallying about 1.20 bucks from the low print of the session. The price action and volume near today's high indicated probable capitulation/exhaustion.

support - 60.00, 60.50

resistance - 58.80, 58.27, 57.95

January Soybeans marked the low price 1.00 cent above the 1113.00 bracket support number, then rallied about 10.50 cents to the daily high print.

support - 1114.00-1113.00, 1110.00, 1103.50

resistance - 1125.00, 1130.50, 1136.00 - many bumps to the left.

March Corn marked its low price 1 tick below the 442.00 support number, then rallied about 6.00 cents to the high price.

support - 445.50, 441.50

resistance - 450.50-452.25, 465.00

March SRW Wheat marked its low price 1.75 cents above the 529.75 support number, then quickly moved up about 10.50 cents to the afternoon high on the trading session.

support - 535.50, 533.50, 529.50

resistance - 545.00, 550.50, 555.00 - bumpy

March HRW Wheat marked its high price 1.00 cent below the 536.50 resistance level, after rallying about 12.00 cents from in between the 2 stated support numbers.

support - 528.00, 523.50

resistance - 540.00, 550.00

March Spring Wheat marked its low price 1.25 cents above the 571.00 support number, after selling down about 6.00 cents from the session high.

support - 571.50, 568.00

resistance - 582.00, 588.00

To control Asian Leaf Rust (ALR), Brazil’s government forbids soybeans to be planted during a 90 day period during the dry season and each state has added a further “no planting” soybeans as a second crop starting generally from late December to mid-January. This is to prevent soybean plants to serve as a host for the ALR spores in the latter half of the growing season and into the dry season. This "no plant zone" is the major ALR control measure. Corn became the preferred second crop which led to Brazil being the largest corn exporter in the world in the 2023-204 marketing year. That was the first year the U.S. was not the world's largest corn exporter.

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