THE OPEN March beans:  steady March meal:  .30 lower March soyoil:  10 higher March corn:  3/4 higher March wheat:  3/4 higher The markets opened as expected and quickly entered into position evening.  Wheat was the first to turn lower, as funds now hold a core long position.  March soyoil futures followed as funds are a record long for this market.  There is not much more time to get out of positions, with an early close before Christmas, and closure on the holiday.  Funds are estimated to now be short 60K corn, 80K beans, and 26K meal.  Funds are long a record 100K soyoil futures and 30K wheat.   SOY

Bean prices found light volume short-covering activity that took price...