THE OPEN Nov beans: 12 higher Dec meal: 5.00 higher Dec soyoil: 2 higher Dec corn: 6 higher Sep wheat: 1/2 lower The markets opened strongly as called except for wheat, which has become the sell leg of inter-market spreads. Oilshare struggled as traders booked profits. Bean and meal prices strengthened throughout the day remaining well bid. Corn saw more short-covering activity, along with a few bargain-hunters. SOY
The feature in the soy complex was that of weaker oilshare as firmer meal prices dominated trade space. October crush traded to 95.58c/bu while oilshare values sold off further to 34.62%. Profit-taking was noted in Dec. soyoil as prices climbed once aga...