THE OPEN November beans: 15 higher December meal: 2.90 higher December soyoil: 49 higher December corn: 6 1/2 higher December wheat: 15 higher Prices opened into strength as firm overnights and a good close prompted follow-through buying activity. Oilshare saw some traders booking profits as stronger meal allowed bean prices to post double digit gains. Technically the gaps left to the downside of markets a few weeks ago started to get penciled in. Hotter and drier weather forecasts for next week and a more constructive chart outlook helped to support price action. SOY
The soy complex started the day on firm footing, with traders buying meal and selling soyoil. ...