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Tech Guy Opening Calls & Comments 12/7/23

March Wheat - Steady


March Corn - Steady to 1 Higher


March Soymeal - 0.5 Higher


Jan Beans - Steady to 1 Lower


January Crude Oil remained within support and resistance levels on a quiet day.

support - 68.60

67.00

resistance - 70.90

72.70

74.00


January Soybeans marked it's low 1 cent below 1292.00 support and rallied about 20 cents (within 2 cents above 1316 target).

support - 1308.00

1304.50

1298.50

1291.00

resistance - 1324.50

1331.00

1338.00

1354.50


March Soybean Meal marked it's low 0.2 points above the 393.20 support level, and rallied about 6.0 points.

support - 395.90

393.20

373.00

resistance - 401.40

404.00-405.00

415.20


March Corn marked it's low 2 ticks above 482.50 support and rallied about 6 cents.

support - 484.50

482.00

479.50

resistance - 494.00

497.50

510.00


March SR Wheat marked it's low almost exactly in the middle of the first 2 support levels, 627.50 and 617.00, and rallied more than 20 cents.

support - 636.00-635.00

620.00

resistance - 650.00

664.50

685.00

March KC Wheat marked it's low 2.25 cents above 644.00 support and rallied 20+ cents.

support - 665.00

661.00

653.50

645.00

resistance - 681.00

692.00

708.00


March Spring Wheat marked it's low 2.00 cents below 728.00 support, then rallied about 11 cents, to within 1.50 cents of the 741.00 target.

support - 730.00

725.00

722.00

resistance - 740.50

748.00

769.00-772.00


December S&P marked it's low about 6 points below 4555 support, then rallied 40 points ($50/point).

support - 4571

4547

resistance - 4628

4636

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