THE OPEN May beans: 6 higher May meal: .90 higher May soyoil: 11 lower May corn: 3 1/2 higher May wheat: 1 lower The markets opened as called with the soy complex entering into still higher trade. The sale of corn to China makes it nearly 4 mmt that they have been purchased in the past four days. Buy corn/sell wheat and buy meal/sell soyoil trade was the early morning feature. Bull-spread activity continues, which pushes deferred contracts into new lows, or towards the lower end of recent trading ranges. The US /China meeting in Alaska was reported to be fairly confrontational and tense as current tariffs and trade discussions continue. SOY
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