THE OPEN November beans: 3 1/2 higher December meal: 1.00 higher December soyoil: 11 higher December corn: 3/4 lower September wheat: 2 1/2 higher The markets opened as expected with buy wheat/sell corn and buy meal/sell soyoil fan-favorite spread trades. Oilshare values were higher while corn markets sold off into new lows. SOY
The soy complex traded on a firmer note with beans extending gains in the early going with soyoil prices putting in a firmer trade. November beans saw a good round of buying activity based on technical price action, while December soyoil futures climbed back over the 200-day moving average of 3048c, which triggered more buying. Dec so...