Tech Guy Opening Calls & Comments 12/8/25

Mar Wheat - Steady to 0.25 Lower

Mar Corn - Steady to 0.75 Lower

Mar Bean Oil - Steady

Jan Beans - 0.25 Higher to 0.75 Lower

January Crude Oil marked its low price 12 cents below the 58.80 support level, after selling off about 1.60 bucks from slightly below resistance.

support - 58.35-58.25, 57.65

resistance - 59.65, 60.30

January Soybeans marked the low price 1.25 cents above the 1091.00 support number, after selling down about 15.00 cents from the morning high price print.

support - 1091.50, 1072.50

resistance - 1107.50, 1121.00

March Corn marked its low price within the 1.25 cent support bracket range, after moving down about a nickel from the morning high print.

support - 442.50-441.75, 439.50

resistance - 447.50-448.00

March SRW Wheat marked its low price 2 ticks below the 533.00 lower bracket support number, after selling off 7.50 cents from the morning high print.

support - 532.50, 529.50

resistance - 540.00-541.75

March HRW Wheat marked its low price 1.25 cents above the 523.00 support level, after selling down about 8.50 cents also from the morning high print.

support - 523.50, 520.00

resistance - 533.00, 536.50

March Spring Wheat marked the low print 1.00 cent below the 571.50 support number, after selling off 6.25 cents from the high price which was just below resistance.

support - 568.00, 565.00

resistance - 577.00, 582.75

USSR:

The Soviet Union asked in June 1972 to buy a large amount of U.S. wheat on a three-year deal. An agreement was made for the U.S. to sell the Soviet Union 10 million mts (364 million bushels) of wheat over the next three years. However, the entire tonnage was purchased by the Soviets in July and August 1972 from the ABCD companies. Since the U.S. government was not tracking the export sales and shipments of U.S. food and fiber exports, very suddenly, there was not enough wheat to meet the domestic demand. The price of wheat jumped 30% for American consumers.

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