THE OPEN November beans: 2 lower December meal:  .10 higher December soyoil:  14 lower December corn:  1 higher September wheat:  3 1/2 higher Prices opened as expected with more unwinding of previous buy bean/sell corn trade.  The forcing of the closure of the Chinese consulate in Houston over IP theft issues triggered negative comments and threats of retaliation from China, which weighed on beans, while more business announcements put a floor under technical weakness.  Oilshare entered into profit-taking mode as well. SOY

The key feature of the soy complex was that of more long liquidation in beans, as traders were nervous after renewed tensions flared between the US/China.  Beijing has vowed t...