THE OPEN Jan beans: 11 higher Dec meal: 2.90 higher Dec soyoi: 61 higher Dec corn: 2 3/4 higher Dec wheat: 2 1/2 higher The markets opened higher with beans and soyoil place new contract highs. Oilshare is higher as well as traders buy soyoil/sell meal. Buy beans/sell wheat trade continues as a fan favorite trade as stocks-to-use ratio remains tight for the first and generous for the latter. Upward pressure continues in beans as they head into ration mode as exports will draw-down stocks. Beans and soyoil prices are also extremely overbought, suggesting that a pullback is needed to clean house at some point. SOY
The open continued to accelerate Jan beans to new contract h...