THE OPEN May beans: 6 1/2 higher May soyoil: 81 higher May meal; .40 lower May corn: 3 3/4 higher May wheat: 6 1/2 higher The markets opened as called with more technical buying sending corn prices to new contract highs for the December contract, while oilshare jumped on traders buying soyoil/sell meal. Beans followed the path of higher soyoil values amidst technical chart-based buying activity. China's statement that commodity prices are too high, thus asking lenders to curtail activity, created a profit-taking run yesterday, perfect for turn-around Tuesday today. The Goldman Roll continues through tomorrow, with open interest increasing in July contracts vs. May. SOY
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