The CBOT was mostly in the red to finish the week, except for spring wheat futures and the livestock complex. Grains and oilseeds opened higher but political news for biofuels quickly sent soyoil and soybeans sharply lower. Continued forecasts of cool, wet weather for the Midwest prompted fund liquidation that kept the major markets on the defensive. Some position trade in preparation for next week’s Grain Stocks and Acreage reports was noted, but the market had a heavy feel with pronounced liquidation.  The biggest fundamental news to hit the markets Friday was the Supreme Court of the U.S.’ (SCOTUS) ruling that upheld the EPA’s ability to grant biofuel waivers to small refineries. The EPA now has the sole authority...

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