A steady to slightly softer start is expected for grain futures following another weak close Friday. Technical selling pressure persists but may soon leave board values looking oversold for the short-run. In the Headlines A massive dust storm swept across Illinois and Indiana on Friday evening to emphasize the extent of dry, windy weather. Winds ranging from 60 to 70 miles per hour brought Chicago its first dust storm since 1934. Dirt moved for the new planting season fueled the storm, similar to when a Central Illinois dust storm caused a highway pileup in May 2023. Soybean oil futures suffered a limit-down day on Thursday based on the bearish reception of comments from EPA head Lee Zeldin and on rumors about the proposal of renewable volume obligations being lower than expected. The EPA was also thought to be close in deciding the outcome for over 160 small refineries that previously filed for blending exemptions. A proposed extension of the 45Z Clean Fuel Credit was blocked on Friday as part of the One Big Beautiful Bill Act being considered in the House of Representatives. The House Budget Committee holds the bill and will reportedly reconvene for talks on Sunday night. The…
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