Tech Guy Weekend Comments 11/16/25

January Crude Oil marked its high price 5 cents shy of the 60.70 resistance level, after rallying about 1.50 bucks. This occurred during the first hour of trade.

support - 59.15, 58.10

resistance - 60.70, 61.30

January Soybeans sold off to old support near the 1122.00 area, after marking the high 2.75 cents below the 1155.00 resistance number.

support - 1119.50, 1110.00, 1103.50

resistance - 1136.00, 1151.00

December Corn marked its low price 4.00 cents below the 433.50 support number, after selling off about 13.00 cents from the morning high print.

support - 428.00-426.00, 422.50

resistance - 436.00, 442.00

December SRW Wheat marked its low price 1.50 cents below the 526.00 support level, after selling down about 20 cents from the high to the low.

support - 523.00, 517.00

resistance - 538.00, 545.00

December HRW Wheat sold off past nearby support numbers to old levels near the 515.00 area.

support - 512.00, 505.50

resistance - 518.50, 529.00

December Spring Wheat marked its low price 1 tick above the 561.50 support number, after selling off 12.00 cents from the high to the low price print.

support - 561.50, 557.50

resistance - 574.50, 579.00

Land:

Approximately 80% of the world’s habitable land is not suitable for producing any crop other than grass and very hardy (brushy) plants. Much of this land is used for livestock grazing which provides 20% of global calories and 40% of the global protein.

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