The CBOT was mixed to close the week with traders seeming to take a break after this week’s generally bearish price action. There was notable short profit taking that helped the soy complex, while corn and wheat continued to drift lower amid weak technicals and bearish fundamental sentiments. July options expired today but that did not seem to drive volatility or price action in any significant way. More important was the fact that the market is starting to prepare for the June Grain Stocks and Acreage reports that will come out on Friday, 28 June, which seemed to blunt some of the day’s volatility. Technically, markets feel defensive and are likely to open lower next week, but WPI expects the looming reports will minimize downs...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America