Tech Guy Weekend Comments 12/28/25

February Crude Oil marked its low price 25 cents below the 56.90 support level, after selling off about 2.20 bucks from the morning high print.

support - 56.40, 56.10, 55.60

resistance - 57.40, 58.00

March Soybeans marked the high price 4.00 cents below the 1086.50 resistance level, then sold off about 12.00 cents from the morning high print.

support - 1068.00, 1062.50

resistance - 1083.00-1086.00, 1092.00

March Corn marked its high price 3 ticks above the 452.25 resistance number, then moved down about 4.25 cents from the opening high price print.

support - 447.75, 446.00-445.00

resistance - 453.00, 463.50

March SRW Wheat marked its low price 3 ticks above the 517.00 support point, after selling down about 7.50 cents from the open/high print.

support - 517.00-516.50, 513.50

resistance - 524.50, 527.50, 535.00

March HRW Wheat marked its low price at the stated 529.75 support number, then rallied about 6.25 cents to 1.00 cent below the 537.00 resistance bracket.

support - 530.25, 527.50

resistance - 536.50, 540.00

March Spring Wheat marked the low price print 3 ticks below the 579.00 support level, while closing down 1.00 cent in what was a very small trading range of 4.00 cents. Spring wheat has had confined trading ranges for 4 days in a row now - this is all energy building. An expanded move, probably higher is due very soon.

support - 578.00-576.00, 573.00

resistance - 588.00-590.00, 597.00-601.00

Canola:

The canola market is unlike any other market in that Canada and the EU produce about half of the world's canola. Canada exports most of its canola or canola oil while the EU exports very little. China is the world's third largest producer of canola, uses all of it and imports canola primarily from Canada if politics do not get in the way.

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