THE OPEN January beans: 1 lower December meal: 3.30 higher December soyoil: 14 lower December corn: 2 higher December wheat: 9 higher Prices opened about as expected with corn placing a new high but the soy complex finding more profit-taking heading into what appears to be a better pace of planting in SA. Given the breadth of the rally, a pullback was to be expected. Buy grains/sell soy was the trend of note, while oilshare and soyoil found some buying interest as meal prices turned two-sided. SOY
The soy complex started the day higher but since it is Friday found more profit-taking on morning strength as better rains continue in SA. Brazilian rains are scattered ea...