THE OPEN May beans: 1 1/2 higher May meal; 1.50 higher May soyoil: 10 lower May corn: 2 higher May wheat: 2 1/2 higher The markets opened mostly higher, but strength did not last long, as higher markets need energy and volumes to trade upward. Today continued to be about more light position-squaring into the April report, and a 3-day weekend. Volumes in spreads increased as this is day two of the Goldman roll. SOY
The soy complex started the day on a firmer note, but weaker soyoil chart direction weighed on beans. Beans continue to suffer from a lack of demand, though prices are mainly sideways. Meal prices were firmer for a change, with May bouncing of...