Tech Guy Weekend Comments 11/2/25

December Crude Oil marked its high price 8 cents above the 61.30 resistance level, after rallying about 1.40 from the low to the high price print.

support - 60.25, 59.55

resistance - 61.40, 62.10

January Soybeans marked the high price 3 ticks above the 1115.00 resistance price, after rallying almost 15.00 cents from the low to the high print.

support - 1100.00, 1091.00

resistance - 1131.00, 1155.00

December Corn marked its low price 1.00 cent below the 427.50 support number, then rallied about 5.50 cents from the low to the high print.

support - 428.00-426.50, 423.00

resistance - 437.00, 442.50

December SRW Wheat marked its low 3 ticks above the 516.50 support number, then rallied about 17.00 cents, which was 3 ticks below the 535.00 resistance level.

support - 526.00, 516.50

resistance - 535.00, 540.00, 546.50

December HRW Wheat marked its low price 3 ticks above the 505.00 support level, then rallied about 18.50 cents, to within 1 tick of the 525.00 resistance number.

support - 515.00, 505.50

resistance - 527.50, 537.50

December Spring Wheat gained 2.50 cents for the day, while remaining in between support and resistance.

support - 551.00-549.50, 542.50

resistance - 561.50, 567.50

Nitrogen

Of all the nitrogen used by plants worldwide, 1% is gleaned from the atmosphere by rain.

For pertinent news and fundamental grain market information, sign-up for a 30 day, no cost, no obligation, no phone call subscription to Wright on the Market news sent to your email every day before you get out of bed. Click on "subscribe" at: https://www.wrightonthemarket.com/