THE OPEN March beans: 1 lower March meal: .20 lower March soyoil: 35 lower March corn: 1/2 lower March wheat: 1/2 lower Futures opened lower as expected but corn turned both sides of even, as traders continued to buy corn/sell wheat and beans. Meal put in new contract lows, and soyoil / beans traded into further weakness as well. Prices remained pressured for much of the day except for corn, where short-covering was noted as exports pick up and funds remain net short. SOY
Futures in the soy complex opened lower with March soyoil triggering another round of sell -stops under the 200-day moving average of 3040c to trade close to the 30c benchmark. Traders returned to...