Tech Guy Weekend Comments 1/11/26

February Crude Oil marked its high price 12 cents above the 59.65 resistance level, after rallying about 2.15 bucks from the overnight low.

support - 57.60, 57.60

resistance - 59.75, 60.50

March Soybeans marked the high price 1.50 below the 1070.50 resistance number, after rallying about 7.50 cents from the overnight low print.

support - 1060.50, 1055.00

resistance - 1070.50, 1079.00

March Corn marked its high price 2 ticks beneath the 448.00 resistance price, after moving up almost 4.00 cents from the morning low print.

support - 443.50, 441.75

resistance - 448.00, 452.00

March SRW Wheat marked its low price 1.25 cents below the 515.00 support point, then rallied about 6.25 cents to the late morning high print.

support - 512.00, 509.00

resistance - 520.00, 523.00

March HRW Wheat marked its low price 2.00 cents below the 527.50 support number, then rallied about 6.50 cents to the afternoon high.

support - 525.00, 520.00

resistance - 540.00, 550.00

March Spring Wheat marked the low price 2 ticks above the 567.00 support level, after a sell off of about 4.25 cents from the high price print.

support - 566.00, 561.00

resistance - 576.00-577.50, 581.50

Droughts:

There have been 6 Corn Belt wide droughts since 1900. They were in 1934, 1936, 1980, 1983, 1988, and 2012.

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