THE OPEN July beans:  2 lower July meal:  3.00 lower July soyoil:  33 higher July corn:  3 lower  July  wheat:  3 lower The markets were wobbly overnight but quickly found their footings to climb to new contract highs once again.  Oilshare was much higher as May contracts finally traded to 60c.  Stronger bean prices accelerated the upside in beans, with corn prices higher as well. SOY

The key feature in the soy complex was that of a sharp rally in soyoil futures.  Meal prices tried to follow, but buy soyoi/sell meal trade was the fan-favorite of the day.  China continues to hunt for alternative feeds which leaves meal in a more vulnerable situation, while tight vegoil supplies...