Tech Guy Weekend Comments 12/6/25

January Crude Oil marked its high price at the stated 60.50 resistance level, after a rally of almost 1.60 Dollars from the evening low prices. Excuse the dyslexia on yesterday's report.

support - 59.45, 58.80

resistance - 60.50, 60.85

January Soybeans marked the low price print 1.00 cent above the 1103.50 support number, after selling down about 16.00 cents from the morning high print.

support - 1103.00-1101.50, 1091.00

resistance - 1112.00-1113.50, 1118.00, 1120.50

March Corn marked its low price 1.50 cents below the 445.50 support number, after selling off about 4.00 cents from the session high price.

support - 443.00-441.75, 439.50

resistance - 448.00, 450.50

March SRW Wheat marked its low price print 3 ticks above the 533.50 support level, after moving down about 7.50 cents from the morning open/high print.

support - 534.00-533.00, 531.25

resistance - 542.00, 544.50, 551.00

March HRW Wheat printed the low price 2.00 full cents above the 528.00 support number, after selling off about 6.50 cents from the high which was below resistance.

support - 530.00-528.75, 523.50

resistance - 536.50, 540.00

March Spring Wheat marked the low price 1.00 cent (4 ticks) above the 571.50 support level, both on the open and near the close after selling back down 4.50 cents from below resistance - very small range - energy building.

support - 571.50, 567.50

resistance - 578.00, 582.50

Commercial Traders:

In the grain trade, ABCD refers to ADM, Bunge, Cargill, and Louis Dreyfus Company. These four multinational companies control 90% of the global grain trade, plus a considerable portion of the food processing chain. Collectively known as the ABCD companies, they may not be as recognizable as the big four oil or tech names but approach them in their economic clout. Cargill is, by far, the largest grain company of the four and it is the largest privately held company in the U.S. and probably the world.

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/