06/01/2026 RINs & Repeat for Soy Oil; Corn Struggles Continue

06/01/2026 Click Above to Watch the Morning Market Talk Video RINs & Repeat for Soy Oil; Corn Struggles Continue On the Grains Soybeans and soy oil strengthened overnight, with the later scoring contract highs and pushing to the highest level since November 2022 on the continuation chart. Wheat also firmed amid corrective buying, while corn struggled to find buyers, with July futures touching the lowest price since Feb. 20.As the calendar flips to June, weather and crop conditions typically dominate traders’ focus. This year, geopolitics and trade remain prominent in headlines, giving traders a split focus. Forecasts call for seasonal to slightly warmer temperatures across northern and western areas of the Corn Belt, while southern and eastern locations are expected to be cooler. Rains are likely to favor the dry western areas of the region. Meanwhile, USDA will issue its first crop condition ratings of the growing season for corn and soybeans after today’s market close, with high marks expected. RIN Prices Surge to Record Highs Soy oil futures, and soybeans by association, are being supported by record prices for Renewable Identification Number (RIN) credits. D4 biomass-based diesel and D6 conventional ethanol RINs climbed to all-time highs, underscoring growing stress…