Corn: Managed-$ funds net-sold 178k contracts in the 2 weeks ending 6/2, reducing the net-long by over 60%. That's the most aggressive 2-week selling barrage since March 2025.
Old floor member gave this to the owner of the Porsche dealer tons of old Merc guys shopped here over the decades. It’s the dealership in Risky Business
Original Leroy Newman of the old Cme floor
Sentiment (Grains & Oilseeds) : A proprietary sentiment index I subscribe indicates bullish sentiment of a composite C,W, S, SBO, & SBM has declined 28% week-over-week. I only found 1 time in the past 12 years (August 2023) when sentiment has declined that much in 5 days.
Trump's Agriculture Secretary Brooke Rollins: "If we have a big screwworm infestation—which we will not, we're on top of it..."
The screwworm has returned to the US after 60 years after Trump and DOGE eliminated a program to contain the flesh-eating parasite.
US farm chief says reliance on China threatens American ‘freedom’
It's headlines like this from Madame Sec. Rollins that sows market-confusion. 1 minute the Trump Administration touts increased trade w/ the world's largest commodity consumer, the next minute they say diversify.
Given the weakness in U.S. grain & soy markets, USTR Greer may need to revise his promise of "double-digit-billions' to 'single-digit-billions' to be purchased by China
Sen. Bill Cassidy (R-LA) court filing against slush fund: "Because the very lawsuit that sparked the settlement was collusive and therefore could not be heard in a federal court, and accordingly no monetary award would have been available through that collusive litigation, the Judgment Fund is not available"
To mark the 37th anniversary of the Tiananmen Square massacre, re-sharing my column on memory, history, and shattered expectations: After Tiananmen, a Past That Didn’t Pass and a Future That Didn’t Come. https://t.co/fF3Dcautrw
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