Wheat futures opened lower Monday morning, with losses of 4 to 8 cents across major exchanges. Chicago SRW contracts fell 1 ½ to 7 ¼ cents, while July contracts gained 21 ¼ cents for the week despite reduced open interest by 2,302. KC HRW futures closed down 4 ½ to 8 ½ cents, with July up 9 ½ cents. MPLS spring wheat showed mixed movement, down 2 ½ cents to fractionally higher, as July rose 4 ¾ cents weekly.
Exports data for June 11 revealed 400,844 MT of 2026/27 wheat sales globally, a 6.16% decline year-over-year. Japan remained the top buyer at 167,400 MT, followed by Mexico (80,300 MT) and the Philippines (26,900 MT for 2027/28).
The French soft wheat crop was estimated at 76% gd/ex (down 1% from prior week), and durum at 64% gd/ex. Argus revised Ukraine’s wheat crop estimate to 24.1 MMT, up 0.6 MMT. July 26 CBOT wheat closed at $6.05 ¾ (-7¢), while September futures fell to $6.14 (-7¼¢). KCBT July wheat closed at $6.44 (-8½¢), and MIAX September at $6.48 ¾ (-½¢). All contracts remained trending downward.
Also Read
- Kerala Artist Crafts Stunning Coconut Leaf FIFA World Cup Trophy
- Andy Burnham’s Charisma May Not Be Enough to Fix Britain’s Post‑Brexit Economic Malaise
- Cotton Futures Retreat Monday Amid Market Downturn
- Montreal-born MK Illouz: The Montreal I knew is gone, the warning signs are everywhere – opinion
![Mexican Narco-Rap Artist El Makabelico Sanctioned by US for Cartel Ties, Music Pulled from Mainstream Platforms[TITLE] Mexican narco-rap artist El Makabelico—born Ricardo Hernández Medrano—has become a focal point in US efforts to dismantle the Northeast Cartel (Cartel del Noreste, CDN), following Treasury sanctions and removal of his music from major streaming platforms. The sanctions, issued in August 2025, allege that 50% of his streaming revenue funded the CDN, while his concerts and performances allegedly laundered proceeds. El Makabelico rose to prominence through lyrics glorifying the CDN’s leadership, territorial dominance, and violent operations. Performing under a ski mask, he cultivated an image closely tied to the cartel, with songs like “Gunshots rang out; blows were unleashed” referencing the CDN’s enforcement wing, Hell’s Troop. His music videos and public persona often showcased luxury items, including a diamond-encrusted .38 Super pistol and high-performance firearms. US authorities targeted El Makabelico as part of a broader crackdown on the CDN, which was designated a Foreign Terrorist Organization in 2025. The Treasury also sanctioned Abdon Frederico Rodríguez García, alias “Cucho,” second-in-command of the CDN, and identified additional senior members involved in cross-border drug trafficking. Prior to his arrest, El Makabelico’s music attracted over 5 million monthly listeners on Spotify and 2 million YouTube subscribers. However, his accounts were removed following the sanctions, with his content resurfacing under the alias “El Comando Exclusivo.” Del Records, the California-based label that propelled his rise, is also under scrutiny. Its founder, José Ángel del Villar, was sentenced to four years in prison for violating the US Foreign Narcotics Kingpin Designation Act via ties to the Jalisco Cartel New Generation (CJNG) and Los Cuinis. El Makabelico’s career began under the name Nectar Lima, blending regional Mexican sounds with narco-rap themes. His collaborations with figures like El Komander—a prominent bandit leader—highlighted alliances within Mexico’s cartel-linked music scene. Tracks often featured militarized imagery, praising the CDN’s command structure and glorifying organized crime’s infiltration of border culture. US sanctions underscore the role of music in cartel operations, using art as both propaganda and revenue streams. El Makabelico’s case exemplifies how authorities are targeting artists who amplify cartel narratives, aiming to disrupt financial networks while preserving the subgenre’s cultural roots.](https://i3.wp.com/insightcrime.org/wp-content/uploads/2026/06/Featured-Image-El-Makabelico-CDN-May-2026.jpg?w=1024&resize=1024,1024&ssl=1 "Mexican Narco-Rap Artist El Makabelico Sanctioned by US for Cartel Ties, Music Pulled from Mainstream Platforms[TITLE] Mexican narco-rap artist El Makabelico—born Ricardo Hernández Medrano—has become a focal point in US efforts to dismantle the Northeast Cartel (Cartel del Noreste, CDN), following Treasury sanctions and removal of his music from major streaming platforms. The sanctions, issued in August 2025, allege that 50% of his streaming revenue funded the CDN, while his concerts and performances allegedly laundered proceeds. El Makabelico rose to prominence through lyrics glorifying the CDN’s leadership, territorial dominance, and violent operations. Performing under a ski mask, he cultivated an image closely tied to the cartel, with songs like “Gunshots rang out; blows were unleashed” referencing the CDN’s enforcement wing, Hell’s Troop. His music videos and public persona often showcased luxury items, including a diamond-encrusted .38 Super pistol and high-performance firearms. US authorities targeted El Makabelico as part of a broader crackdown on the CDN, which was designated a Foreign Terrorist Organization in 2025. The Treasury also sanctioned Abdon Frederico Rodríguez García, alias “Cucho,” second-in-command of the CDN, and identified additional senior members involved in cross-border drug trafficking. Prior to his arrest, El Makabelico’s music attracted over 5 million monthly listeners on Spotify and 2 million YouTube subscribers. However, his accounts were removed following the sanctions, with his content resurfacing under the alias “El Comando Exclusivo.” Del Records, the California-based label that propelled his rise, is also under scrutiny. Its founder, José Ángel del Villar, was sentenced to four years in prison for violating the US Foreign Narcotics Kingpin Designation Act via ties to the Jalisco Cartel New Generation (CJNG) and Los Cuinis. El Makabelico’s career began under the name Nectar Lima, blending regional Mexican sounds with narco-rap themes. His collaborations with figures like El Komander—a prominent bandit leader—highlighted alliances within Mexico’s cartel-linked music scene. Tracks often featured militarized imagery, praising the CDN’s command structure and glorifying organized crime’s infiltration of border culture. US sanctions underscore the role of music in cartel operations, using art as both propaganda and revenue streams. El Makabelico’s case exemplifies how authorities are targeting artists who amplify cartel narratives, aiming to disrupt financial networks while preserving the subgenre’s cultural roots.")
