The CBOT was lower on Wednesday, but it wasn’t because of a favorable shift in the U.S. weather. Rather, it was – or at least it seemed to WPI – that technical trading and weak chart conditions kept funds in a selling mood. The managed money activity pushed corn, the soy complex, and most wheat futures lower, despite the fact that the U.S. weather is hot and dry until further notice. As has been frequently noted by WPI and others, the current weather trends are a major challenge for corn and soybean kernel/pod filling with yield potential declining each day the crop stress lasts. But for now, corn and wheat futures seem to be committed to bearish price action with U.S. stocks looking ample while the soybean rally seems to...