THE OPEN March beans: 2 higher March meal: 1.50 higher March soyoil: 40 lower March corn: 2 lower March wheat: 3/4 lower The markets opened as expected with more short-covering and bull-spreading in the bean market continuing, while funds were noted liquidating more of their long wheat trade. Buy beans/sell corn and wheat continued for most of the trading session, along with weaker oilshare as the coronavirus threatens palm oil demand. Palm oil was sharply lower, which created a weaker tone in soyoil. SOY
The soy complex was mixed with higher beans and meal against a struggling soyoil market. Helping to take pressure off the bean market a bit was a lack of selling...