THE OPEN Nov beans: 3 lower Dec meal: 2.50 lower Dec soyoil: 45 lower Dec corn: 1 higher Dec wheat: 1 higher The market opened as expected but soy complex prices eventually trended lower. Grains were firmer as wheat futures continue to remain firm. Corn was a follower while weaker soyoil futures continued to impact trade. SOY
The soy complex opened steady with another sale announcement of 131,000 mt of beans for 20/21 to China, and more rumors floating that they continue to inquire. Sep oilshare trades to 46.41%. Oilshare was hit as soyoil futures traded lower on the back of weaker palm and canola prices. Canada may receive potential rainfall, which pressured canola. The...